Fiserv, Inc. (NYSE:FI) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 93.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,480 shares of the business services provider's stock after selling 33,808 shares during the period. GSA Capital Partners LLP's holdings in Fiserv were worth $446,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FI. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the first quarter worth $25,000. Clean Yield Group lifted its holdings in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider's stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Family Firm Inc. purchased a new position in Fiserv during the second quarter valued at $31,000. Finally, Kennebec Savings Bank purchased a new position in Fiserv during the third quarter valued at $40,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Mizuho increased their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Susquehanna increased their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, October 18th. B. Riley increased their target price on shares of Fiserv from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Finally, Tigress Financial increased their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $214.29.

Fiserv Stock Down 0.2 %

NYSE FI traded down $0.53 on Thursday, hitting $217.41. 2,731,289 shares of the stock were exchanged, compared to its average volume of 2,472,135. 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 fifty-two week low of $125.05 and a fifty-two week high of $219.11. The company has a market cap of $123.69 billion, a PE ratio of 41.91, a PEG ratio of 1.64 and a beta of 0.92. The company has a 50-day moving average price of $193.96 and a 200-day moving average price of $169.92.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The firm's revenue was up 7.0% on a year-over-year basis. Sell-side analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the company's 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 owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,821 shares of company stock worth $44,299,745. Corporate insiders own 0.75% of the company's stock.

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.