Focused Investors LLC Has $223.88 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Focused Investors LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,246,200 shares of the business services provider's stock after selling 16,300 shares during the quarter. Fiserv makes up approximately 6.8% of Focused Investors LLC's investment portfolio, making the stock its 3rd largest holding. Focused Investors LLC owned approximately 0.22% of Fiserv worth $223,880,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quent Capital LLC raised its position in shares of Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider's stock worth $194,000 after purchasing an additional 68 shares during the period. Nwam LLC purchased a new position in Fiserv in the first quarter valued at about $239,000. Acadian Asset Management LLC grew its holdings in Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock valued at $9,047,000 after purchasing an additional 44,776 shares during the period. Covestor Ltd increased its holdings in Fiserv by 23.0% in the 1st quarter. Covestor Ltd now owns 862 shares of the business services provider's stock worth $138,000 after acquiring an additional 161 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. increased its stake in shares of Fiserv by 5.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 13,982 shares of the business services provider's stock worth $2,235,000 after purchasing an additional 750 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The shares were 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 directly owns 38,771 shares of the company's stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 40.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 254,711 shares of company stock worth $47,477,232 over the last ninety days. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 0.0 %

Shares of NYSE:FI traded up $0.07 on Friday, hitting $210.92. The company had a trading volume of 2,279,330 shares, compared to its average volume of 2,653,580. The firm's 50-day simple moving average is $191.36 and its two-hundred day simple moving average is $168.54. The firm has a market capitalization of $120.00 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price target on Fiserv from $177.00 to $220.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. KeyCorp raised their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Susquehanna increased their target price on Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, UBS Group increased their price objective on Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average price target of $209.74.

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.