Canoe Financial LP Sells 1,566 Shares of Fiserv, Inc. (NYSE:FI)

Canoe Financial LP trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,706 shares of the business services provider's stock after selling 1,566 shares during the period. Canoe Financial LP's holdings in Fiserv were worth $34,245,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FI. Clean Yield Group boosted its position in 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 period. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% in 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 holdings in shares of 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 acquiring an additional 127 shares during the period. Kennebec Savings Bank bought a new position in shares of Fiserv during the third quarter worth about $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the 3rd quarter worth about $44,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 1.2 %

FI traded up $2.41 during trading on Friday, reaching $208.67. The company had a trading volume of 2,579,770 shares, compared to its average volume of 2,085,694. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23. The company has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The firm's 50-day simple moving average is $209.45 and its 200 day simple moving average is $187.03.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping 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 business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm posted $1.96 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Oppenheimer boosted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Susquehanna boosted their price target on Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company raised their price target on Fiserv from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $224.00.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the company's stock in a transaction on 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 directly owns 33,235 shares of the company's stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 over the last quarter. Corporate insiders own 0.75% of the company's stock.

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.