Sendero Wealth Management LLC Has $8.14 Million Position in Fiserv, Inc. (NYSE:FI)

Sendero Wealth Management LLC lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,640 shares of the business services provider's stock after selling 6,682 shares during the quarter. Fiserv comprises approximately 1.2% of Sendero Wealth Management LLC's investment portfolio, making the stock its 19th biggest holding. Sendero Wealth Management LLC's holdings in Fiserv were worth $8,143,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Legal & General Group Plc lifted its stake in shares of 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 acquiring an additional 85,598 shares during the period. Sanders Capital LLC bought a new position in shares of Fiserv in the third quarter valued at approximately $764,543,000. Blair William & Co. IL increased its stake in shares of Fiserv by 2.5% during 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 during the period. Finally, Barclays PLC increased its stake in shares of Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock valued at $302,737,000 after acquiring an additional 48,413 shares during the period. Institutional investors own 90.98% of the company's stock.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction 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 transaction, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 in the last three months. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 1.0 %

FI traded up $1.96 on Thursday, reaching $206.21. 2,530,945 shares of the company traded hands, compared to its average volume of 2,417,465. Fiserv, Inc. has a 52-week low of $136.48 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 cap of $117.32 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 1.32 and a beta of 0.94. The stock's 50 day moving average price is $209.55 and its 200-day moving average price is $186.20.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results 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 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%. Fiserv's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 earnings per share. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FI shares. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Citigroup boosted their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research report on Tuesday. Robert W. Baird raised their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. TD Cowen boosted their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley raised their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $224.00.

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.