Fiserv, Inc. (NYSE:FI) Stock Position Decreased by Clark Estates Inc. NY

Clark Estates Inc. NY reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 34.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,300 shares of the business services provider's stock after selling 35,000 shares during the quarter. Fiserv makes up about 2.2% of Clark Estates Inc. NY's holdings, making the stock its 10th largest position. Clark Estates Inc. NY's holdings in Fiserv were worth $11,731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $25,000. Clean Yield Group increased its position in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of 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 period. Family Firm Inc. purchased a new position in shares of Fiserv during the 2nd quarter valued at $31,000. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the firm's 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company's stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Fiserv from $222.00 to $232.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Robert W. Baird upped their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $188.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. BTIG Research started coverage on Fiserv in a research report on Wednesday, August 28th. They set a "buy" rating and a $200.00 target price on the stock. Finally, Jefferies Financial Group lifted their price target on Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $214.29.

Fiserv Trading Down 0.8 %

Shares of Fiserv stock traded down $1.86 during trading on Wednesday, reaching $220.59. 2,081,080 shares of the stock were exchanged, compared to its average volume of 2,484,283. Fiserv, Inc. has a 1 year low of $126.68 and a 1 year high of $223.23. The firm has a market cap of $125.50 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. 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 stock's fifty day moving average is $197.64 and its 200 day moving average is $171.95.

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, topping analysts' consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.