Fiserv, Inc. (NYSE:FI) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in Fiserv, Inc. (NYSE:FI) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,971 shares of the business services provider’s stock after selling 10,789 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Fiserv were worth $55,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Clean Yield Group increased its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Family Firm Inc. acquired a new position in Fiserv during the 2nd quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv in the third quarter worth $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv during the third quarter worth $44,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 1.1 %

Shares of Fiserv stock opened at $218.46 on Tuesday. Fiserv, Inc. has a twelve month low of $129.60 and a twelve month high of $223.23. The firm’s 50-day moving average price is $200.25 and its 200 day moving average price is $173.36. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $124.28 billion, a PE ratio of 42.01, a P/E/G ratio of 1.69 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock valued at $44,299,745 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FI has been the topic of several research analyst reports. BTIG Research assumed coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. TD Cowen upped their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, UBS Group raised their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.29.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.