Simon Quick Advisors LLC Has $387,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Simon Quick Advisors LLC reduced its holdings in Fiserv, Inc. (NYSE:FI) by 10.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,882 shares of the business services provider’s stock after selling 224 shares during the period. Simon Quick Advisors LLC’s holdings in Fiserv were worth $387,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Beaumont Financial Advisors LLC acquired a new stake in Fiserv in the fourth quarter valued at $454,000. Atomi Financial Group Inc. grew its position in shares of Fiserv by 9.2% in the 4th quarter. Atomi Financial Group Inc. now owns 5,346 shares of the business services provider’s stock valued at $1,098,000 after buying an additional 452 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $636,000. Perpetual Ltd raised its position in shares of Fiserv by 70.1% during the fourth quarter. Perpetual Ltd now owns 3,576 shares of the business services provider’s stock worth $735,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Fiserv by 1.0% in the fourth quarter. Ballentine Partners LLC now owns 7,990 shares of the business services provider’s stock worth $1,641,000 after acquiring an additional 76 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, 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. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FI shares. Mizuho raised their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup boosted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company lifted their target price on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Performance

Shares of FI stock opened at $206.35 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50-day moving average of $209.15 and a 200-day moving average of $188.28. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The company has a market cap of $117.40 billion, a P/E ratio of 39.68, a P/E/G ratio of 1.37 and a beta of 0.94.

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

About Fiserv

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.