Great Valley Advisor Group Inc. Sells 401 Shares of Fiserv, Inc. (NYSE:FI)

Great Valley Advisor Group Inc. reduced its position in Fiserv, Inc. (NYSE:FI) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 79,878 shares of the business services provider’s stock after selling 401 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Fiserv were worth $14,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FI. Maj Invest Holding A S acquired a new stake in Fiserv during the third quarter worth about $172,993,000. Manning & Napier Advisors LLC purchased a new stake in Fiserv during the second quarter worth $105,031,000. Mizuho Securities USA LLC increased its holdings in Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. American Century Companies Inc. raised its position in shares of Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after acquiring an additional 471,531 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Fiserv during the 1st quarter valued at about $52,503,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI opened at $221.56 on Friday. The firm has a market cap of $126.05 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.66 and a beta of 0.92. 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 stock’s 50-day moving average price is $195.77 and its 200 day moving average price is $170.75. Fiserv, Inc. has a 12-month low of $125.42 and a 12-month high of $222.05.

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 firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was 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. This represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety 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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Stephens upped their target price on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Susquehanna raised their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv Company 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.