Accent Capital Management LLC Has $115,000 Stake in Fiserv, Inc. (NYSE:FI)

Accent Capital Management LLC reduced its position in Fiserv, Inc. (NYSE:FI - Free Report) by 84.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 639 shares of the business services provider's stock after selling 3,397 shares during the period. Accent Capital Management LLC's holdings in Fiserv were worth $115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. increased its stake in shares of Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider's stock valued at $519,690,000 after acquiring an additional 1,306,901 shares during the period. Capital World Investors raised its position in Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider's stock worth $3,011,031,000 after acquiring an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S bought a new stake in shares of Fiserv in the 3rd quarter worth approximately $172,993,000. Manning & Napier Advisors LLC acquired a new stake in Fiserv during the second quarter valued at approximately $105,031,000. Finally, Mizuho Securities USA LLC grew its holdings in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider's stock worth $108,488,000 after acquiring an additional 558,774 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.0 %

Shares of NYSE:FI traded up $0.07 during trading on Friday, hitting $210.92. 2,279,330 shares of the company's stock were exchanged, compared to its average volume of 2,653,580. 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 firm has a market cap of $120.00 billion, a P/E ratio of 40.56, a PEG ratio of 1.61 and a beta of 0.92. The firm has a 50-day moving average price of $191.36 and a two-hundred day moving average price of $168.54. Fiserv, Inc. has a 1-year low of $121.86 and a 1-year high of $215.50.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS 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 company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on FI. BMO Capital Markets upped their target price on Fiserv from $175.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Susquehanna lifted 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. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $178.00 to $184.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Finally, B. Riley increased their target price on Fiserv from $180.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.74.

Insider Buying and Selling 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 transaction, the chief executive officer now directly owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 40.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,711 shares of company stock valued at $47,477,232. Corporate 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.