Fiserv, Inc. (NYSE:FI) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,179 shares of the business services provider's stock after selling 3,013 shares during the quarter. Fiserv accounts for about 2.2% of Albert D Mason Inc.'s investment portfolio, making the stock its 2nd largest holding. Albert D Mason Inc.'s holdings in Fiserv were worth $3,323,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FI. Sanders Capital LLC purchased a new stake in shares of Fiserv in the third quarter worth about $764,543,000. FMR LLC boosted its holdings in Fiserv by 17.8% in 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 stake in Fiserv in the third quarter valued at approximately $172,993,000. Kovitz Investment Group Partners LLC raised its stake in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider's stock valued at $109,700,000 after purchasing an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lifted their target price on Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on Fiserv from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday. The Goldman Sachs Group raised their price target 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. Tigress Financial upped their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Finally, Seaport Res Ptn upgraded shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and an average price target of $224.00.

Insider Transactions at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the firm's stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, 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. Insiders have sold 90,821 shares of company stock valued at $18,581,095 over the last three months. Company insiders own 0.75% of the company's stock.

Fiserv Price Performance

FI traded up $2.41 during trading on Friday, reaching $208.67. The stock had a trading volume of 2,579,770 shares, compared to its average volume of 2,085,694. The stock has a 50 day moving average of $209.45 and a two-hundred day moving average of $186.76. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $136.93 and a 1-year high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.96 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.