Fiserv, Inc. (NYSE:FI) Shares Sold by Broderick Brian C

Broderick Brian C lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 96,886 shares of the business services provider’s stock after selling 340 shares during the quarter. Fiserv comprises 3.4% of Broderick Brian C’s investment portfolio, making the stock its 8th largest position. Broderick Brian C’s holdings in Fiserv were worth $17,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FI. Quent Capital LLC grew its stake in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 68 shares during the period. Entropy Technologies LP increased its stake in Fiserv by 66.0% during the 1st quarter. Entropy Technologies LP now owns 4,269 shares of the business services provider’s stock valued at $682,000 after purchasing an additional 1,698 shares in the last quarter. Trillium Asset Management LLC acquired a new position in Fiserv during the first quarter worth $206,000. Nwam LLC bought a new position in shares of Fiserv in the first quarter valued at $239,000. Finally, Cumberland Partners Ltd acquired a new position in shares of Fiserv during the first quarter valued at about $831,000. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,711 shares of company stock worth $47,477,232. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FI. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Wells Fargo & Company lifted their target price on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. KeyCorp upped their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, BTIG Research started coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Four equities research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.25.

Fiserv Stock Performance

NYSE FI opened at $210.87 on Friday. The firm has a market cap of $119.97 billion, a P/E ratio of 40.55, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $189.77 and its 200-day moving average is $167.73. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50.

Fiserv (NYSE:FI) last released 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 business 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%. Fiserv’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 EPS. Sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share 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.