Toronto Dominion Bank Sells 30,055 Shares of Fiserv, Inc. (NYSE:FI)

Toronto Dominion Bank trimmed its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,622 shares of the business services provider's stock after selling 30,055 shares during the period. Toronto Dominion Bank's holdings in Fiserv were worth $35,143,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in Fiserv by 17.8% during the 3rd 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 last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Fiserv by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider's stock worth $1,069,204,000 after buying an additional 64,332 shares during the period. Legal & General Group Plc raised its stake in shares of Fiserv by 1.9% during the second 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 position in Fiserv in the third quarter valued at approximately $764,543,000. Finally, Dimensional Fund Advisors LP boosted its stake in Fiserv by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider's stock valued at $441,173,000 after acquiring an additional 225,159 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, 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 can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,821 shares of company stock worth $44,299,745. Insiders own 0.75% of the company's stock.

Fiserv Stock Up 0.4 %

NYSE:FI traded up $0.89 on Thursday, hitting $204.85. 2,261,246 shares of the company's stock were exchanged, compared to its average volume of 2,530,024. The company has a market cap of $116.54 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. The firm has a 50-day moving average price of $204.98 and a 200-day moving average price of $176.39. 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 52 week low of $131.41 and a 52 week high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $1.96 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FI. Stephens upped their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Wells Fargo & Company upped their price objective on Fiserv from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. KeyCorp upped their price target on Fiserv from $180.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Mizuho lifted their price objective 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. Four 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $217.50.

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.