Fiserv, Inc. (NYSE:FI) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 80.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,386 shares of the business services provider's stock after buying an additional 22,410 shares during the period. Wellington Management Group LLP's holdings in Fiserv were worth $9,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FI. Family Firm Inc. bought a new stake in Fiserv during the second quarter valued at about $31,000. Clean Yield Group increased its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its stake in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock worth $34,000 after acquiring an additional 57 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in 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 purchasing an additional 127 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter worth approximately $40,000. Institutional investors own 90.98% of the company's stock.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the firm's stock in a transaction dated 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 approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock valued at $44,299,745 over the last 90 days. Corporate insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

FI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on Fiserv from $225.00 to $238.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Morgan Stanley increased their target price on Fiserv from $177.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Barclays boosted their price target on Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Citigroup increased their price objective on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $217.50.

Fiserv Stock Performance

NYSE:FI traded down $1.35 during trading hours on Monday, reaching $203.31. The company had a trading volume of 3,181,293 shares, compared to its average volume of 2,532,740. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $131.41 and a 1-year high of $223.23. The business's 50 day moving average price is $206.16 and its 200-day moving average price is $177.76. The firm has a market cap of $115.67 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93.

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

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.