Fiserv, Inc. (NYSE:FI) Shares Sold by Commerce Bank

Commerce Bank reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 594,104 shares of the business services provider's stock after selling 2,516 shares during the quarter. Commerce Bank owned 0.10% of Fiserv worth $106,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Shields & Co. LLC purchased a new stake in Fiserv in the first quarter worth about $25,000. Clean Yield Group increased its stake in shares of Fiserv by 431.3% during the third 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 in the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of 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 purchasing an additional 57 shares in the last quarter. Family Firm Inc. bought a new position in shares of Fiserv during the second quarter valued at approximately $31,000. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv during the third quarter valued at approximately $40,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on FI shares. Compass Point began coverage on shares of Fiserv in a research note on Wednesday. They set a "buy" rating and a $278.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Tigress Financial boosted their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Finally, William Blair upgraded shares of Fiserv to a "strong-buy" rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $214.29.

Fiserv Stock Performance

FI stock traded up $2.26 during midday trading on Wednesday, hitting $217.38. 1,161,553 shares of the stock traded hands, compared to its average volume of 2,469,562. The firm has a market cap of $123.67 billion, a P/E ratio of 41.38, a PEG ratio of 1.61 and a beta of 0.92. 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 stock's fifty day simple moving average is $193.02 and its 200-day simple moving average is $169.59. Fiserv, Inc. has a 1-year low of $124.11 and a 1-year high of $217.40.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 15.22% and a return on equity of 17.10%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. On average, analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Doyle Simons sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company's stock, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 235,821 shares of company stock worth $44,299,745. Insiders own 0.75% of the company's stock.

Fiserv Company 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.