Harbor Capital Advisors Inc. Lowers Position in Fiserv, Inc. (NYSE:FI)

Harbor Capital Advisors Inc. trimmed its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 43.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,796 shares of the business services provider's stock after selling 6,652 shares during the period. Harbor Capital Advisors Inc.'s holdings in Fiserv were worth $1,807,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FI. Clean Yield Group increased its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider's stock valued at $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% in the 3rd 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. Kennebec Savings Bank acquired a new stake in Fiserv in the 3rd quarter valued at $40,000. Northwest Investment Counselors LLC acquired a new position in shares of Fiserv during the third quarter worth $44,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Fiserv by 904.0% in the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider's stock valued at $45,000 after purchasing an additional 226 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 33,235 shares of the company's stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company's stock.

Fiserv Price Performance

Shares of FI traded down $4.72 during midday trading on Friday, hitting $200.51. The company's stock had a trading volume of 3,109,499 shares, compared to its average volume of 2,286,300. The company's fifty day simple moving average is $209.64 and its two-hundred day simple moving average is $185.31. The stock has a market capitalization of $114.07 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a one year low of $135.13 and a one year high of $223.23. 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 (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, 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 company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. Fiserv's revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FI shares. Stephens reiterated an "overweight" rating and issued a $255.00 price objective on shares of Fiserv in a report on Thursday, January 2nd. Morgan Stanley increased their price objective on Fiserv from $220.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Royal Bank of Canada upped their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on Fiserv from $222.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, Robert W. Baird boosted their price target 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. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $222.88.

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.