Virtue Capital Management LLC Sells 201 Shares of Fiserv, Inc. (NYSE:FI)

Virtue Capital Management LLC lessened its holdings in Fiserv, Inc. (NYSE:FI) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,166 shares of the business services provider’s stock after selling 201 shares during the quarter. Virtue Capital Management LLC’s holdings in Fiserv were worth $209,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Clean Yield Group raised its position in shares of Fiserv by 431.3% in the 3rd 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 during the period. Cedar Mountain Advisors LLC raised its position in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Family Firm Inc. acquired a new stake in shares of Fiserv in the 2nd quarter valued at approximately $31,000. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on FI shares. Citigroup raised their target price on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Morgan Stanley raised their target price on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Barclays raised their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Oppenheimer assumed coverage on shares of Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. Finally, KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.50.

Fiserv Stock Up 0.4 %

FI opened at $204.85 on Friday. Fiserv, Inc. has a fifty-two week low of $131.41 and a fifty-two week high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $116.54 billion, a P/E ratio of 39.39, a P/E/G ratio of 1.58 and a beta of 0.93. The stock has a fifty day moving average of $204.98 and a 200-day moving average of $176.39.

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

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.