Artemis Investment Management LLP Decreases Position in Fiserv, Inc. (NYSE:FI)

Artemis Investment Management LLP lessened its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 424,802 shares of the business services provider's stock after selling 91,461 shares during the quarter. Fiserv comprises 1.2% of Artemis Investment Management LLP's portfolio, making the stock its 18th biggest holding. Artemis Investment Management LLP owned 0.07% of Fiserv worth $87,263,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Clean Yield Group boosted its holdings in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after buying an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock valued at $39,000 after buying an additional 127 shares during the last quarter. Kennebec Savings Bank purchased a new position in Fiserv during the 3rd quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv in the 3rd quarter worth approximately $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 1.2 %

NYSE:FI traded up $2.41 during midday trading on Monday, hitting $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 200 day moving average of $187.30. The company has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a one year low of $136.93 and a one year high of $223.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a research note 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 report on Friday, October 18th. Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Finally, Oppenheimer boosted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $224.00.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated 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 owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,821 shares of company stock valued at $18,581,095. Company 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.