Fiserv, Inc. (NYSE:FI) Stake Reduced by Professional Advisory Services Inc.

Professional Advisory Services Inc. cut its stake in Fiserv, Inc. (NYSE:FI) by 26.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,714 shares of the business services provider’s stock after selling 51,456 shares during the quarter. Fiserv comprises about 4.0% of Professional Advisory Services Inc.’s holdings, making the stock its 6th biggest holding. Professional Advisory Services Inc.’s holdings in Fiserv were worth $28,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC increased its stake in shares of Fiserv by 146.9% during the fourth quarter. Merit Financial Group LLC now owns 19,803 shares of the business services provider’s stock valued at $4,068,000 after purchasing an additional 11,783 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Fiserv during the 4th quarter valued at about $204,000. Relyea Zuckerberg Hanson LLC increased its position in shares of Fiserv by 20.0% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,645 shares of the business services provider’s stock valued at $338,000 after acquiring an additional 274 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares in the last quarter. Finally, RDA Financial Network raised its stake in shares of Fiserv by 103.9% in the fourth quarter. RDA Financial Network now owns 14,951 shares of the business services provider’s stock worth $3,071,000 after purchasing an additional 7,619 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.2 %

FI opened at $208.67 on Friday. The stock’s 50 day moving average price is $209.49 and its 200-day moving average price is $186.34. The stock has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a one year low of $136.93 and a one year high of $223.23.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FI shares. Barclays raised their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer raised their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Susquehanna boosted their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Finally, Citigroup boosted their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company’s stock.

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.