Fiserv, Inc. (NYSE:FI) Holdings Lowered by First Hawaiian Bank

First Hawaiian Bank lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,671 shares of the business services provider’s stock after selling 5,213 shares during the quarter. First Hawaiian Bank’s holdings in Fiserv were worth $10,409,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Sanders Capital LLC acquired a new stake in shares of Fiserv during the third quarter worth approximately $764,543,000. FMR LLC raised its stake in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S bought a new stake in shares of Fiserv in the 3rd quarter valued at approximately $172,993,000. Kovitz Investment Group Partners LLC grew its position in Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after acquiring an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of 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 worth $108,488,000 after buying an additional 558,774 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of FI stock traded up $1.39 during trading hours on Wednesday, hitting $205.21. 2,435,236 shares of the company’s stock were exchanged, compared to its average volume of 2,110,473. The stock’s 50-day moving average is $209.42 and its 200-day moving average is $184.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 52 week low of $134.34 and a 52 week high of $223.23. The stock has a market cap of $116.75 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted $1.96 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FI. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Susquehanna boosted their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Royal Bank of Canada raised their price target on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Three 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Insider Buying and Selling at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,821 shares of company stock worth $18,581,095. Insiders own 0.75% of the company’s stock.

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.