Integrated Advisors Network LLC Sells 232 Shares of Fiserv, Inc. (NYSE:FI)

Integrated Advisors Network LLC reduced its stake in Fiserv, Inc. (NYSE:FI) by 4.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,517 shares of the business services provider’s stock after selling 232 shares during the quarter. Integrated Advisors Network LLC’s holdings in Fiserv were worth $991,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FI. Bessemer Group Inc. grew its stake in shares of Fiserv by 67.2% in the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after purchasing an additional 1,306,901 shares during the period. Capital World Investors grew its stake in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Maj Invest Holding A S bought a new stake in shares of Fiserv in the 3rd quarter valued at approximately $172,993,000. Manning & Napier Advisors LLC acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $105,031,000. Finally, American Century Companies Inc. boosted its holdings in shares of Fiserv by 1,642.5% in the 2nd 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 in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stephens boosted their target price on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their target price on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Stock Performance

FI stock opened at $199.80 on Thursday. The business’s fifty day moving average is $182.64 and its 200-day moving average is $163.72. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $113.67 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $113.11 and a twelve month high of $204.50.

Fiserv (NYSE:FI) last released its quarterly earnings data 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. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The firm’s quarterly revenue 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 year.

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,890 shares of company stock worth $40,934,217 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

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.