Cox Capital Mgt LLC Reduces Position in Fiserv, Inc. (NYSE:FI)

Cox Capital Mgt LLC lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 45.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,913 shares of the business services provider's stock after selling 16,903 shares during the period. Fiserv comprises about 2.6% of Cox Capital Mgt LLC's portfolio, making the stock its 11th largest holding. Cox Capital Mgt LLC's holdings in Fiserv were worth $4,091,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FMR LLC grew its position in shares of Fiserv by 17.8% in 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 purchasing an additional 1,427,664 shares during the period. Legal & General Group Plc boosted its holdings in Fiserv by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider's stock worth $687,489,000 after buying an additional 85,598 shares during the last quarter. Sanders Capital LLC acquired a new stake in Fiserv in the 3rd quarter worth about $764,543,000. Dimensional Fund Advisors LP increased its stake in Fiserv by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider's stock worth $441,173,000 after buying an additional 225,159 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Fiserv by 2.5% in the second quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider's stock valued at $323,624,000 after acquiring an additional 52,748 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Down 0.2 %

Shares of FI stock traded down $0.35 during trading hours on Wednesday, hitting $204.12. The company had a trading volume of 3,322,751 shares, compared to its average volume of 2,404,861. 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 has a market capitalization of $116.13 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The company's fifty day moving average is $209.69 and its 200 day moving average is $186.07. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FI. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Oppenheimer upped their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. StockNews.com raised shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Thursday, September 26th. Tigress Financial upped their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Finally, TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $223.17.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company's stock, valued at approximately $8,320,644.31. This trade represents 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 in the last three months. 0.75% of the stock is owned by company insiders.

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.