B. Riley Wealth Advisors Inc. Sells 9,231 Shares of Fiserv, Inc. (NYSE:FI)

B. Riley Wealth Advisors Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 49.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,437 shares of the business services provider's stock after selling 9,231 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Fiserv were worth $1,716,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FI. Sanders Capital LLC purchased a new stake in Fiserv in the 3rd quarter valued at about $764,543,000. FMR LLC increased its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S purchased a new position in Fiserv in the third quarter worth $172,993,000. Kovitz Investment Group Partners LLC raised its stake 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 during the period. Finally, Mizuho Securities USA LLC boosted 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 buying an additional 558,774 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction that occurred 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 owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction 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 the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company's stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock worth $44,299,745 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

FI stock traded up $0.88 on Tuesday, reaching $204.26. The company's stock had a trading volume of 3,547,042 shares, compared to its average volume of 2,536,880. Fiserv, Inc. has a 52 week low of $131.41 and a 52 week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $116.21 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The firm has a fifty day moving average of $206.16 and a two-hundred day moving average of $177.76.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FI shares. Citigroup upped their price target on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a "buy" rating and a $200.00 price target for the company. Compass Point started coverage on Fiserv in a research report on Wednesday, November 20th. They issued a "buy" rating and a $278.00 price objective on the stock. Morgan Stanley raised their price target on Fiserv from $177.00 to $220.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada boosted their price objective on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $217.50.

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.