Mendota Financial Group LLC Sells 262 Shares of Fiserv, Inc. (NYSE:FI)

Mendota Financial Group LLC cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 54.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221 shares of the business services provider’s stock after selling 262 shares during the period. Mendota Financial Group LLC’s holdings in Fiserv were worth $45,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanders Capital LLC bought a new position in shares of Fiserv during the third quarter worth approximately $764,543,000. FMR LLC increased its stake in 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 acquiring an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new position in Fiserv in the 3rd quarter valued at $172,993,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv 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 owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on FI. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. KeyCorp upped their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Tigress Financial lifted their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Citigroup raised their price target on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $222.88.

Fiserv Trading Up 0.6 %

NYSE:FI opened at $201.63 on Tuesday. Fiserv, Inc. has a 12 month low of $135.97 and a 12 month high of $223.23. 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 has a market capitalization of $114.71 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 1.56 and a beta of 0.94. The firm has a fifty day simple moving average of $209.66 and a two-hundred day simple moving average of $185.68.

Fiserv (NYSE:FI) last issued its earnings results 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 return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company posted $1.96 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal 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.