Fiserv, Inc. (NYSE:FI) Stock Position Reduced by Jacobs & Co. CA

Jacobs & Co. CA cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,711 shares of the business services provider's stock after selling 2,553 shares during the period. Jacobs & Co. CA's holdings in Fiserv were worth $8,979,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FI. Waypoint Capital Advisors LLC raised its position in Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider's stock valued at $560,000 after purchasing an additional 51 shares during the last quarter. Optas LLC raised its holdings in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider's stock valued at $578,000 after buying an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock worth $34,000 after buying an additional 57 shares during the period. Covestor Ltd grew its holdings in shares of Fiserv by 7.6% during the third quarter. Covestor Ltd now owns 832 shares of the business services provider's stock worth $150,000 after buying an additional 59 shares during the last quarter. Finally, West Bancorporation Inc. increased its position in Fiserv by 3.8% in the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider's stock valued at $296,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Transactions at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value 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 $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the company'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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 in the last ninety days. Insiders own 0.75% of the company's stock.

Fiserv Trading Down 2.3 %

NYSE:FI traded down $4.72 during mid-day trading on Friday, reaching $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 has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $114.07 billion, a P/E ratio of 38.56, a P/E/G ratio of 1.56 and a beta of 0.94. The company's fifty day simple moving average is $209.64 and its two-hundred day simple moving average is $184.81. Fiserv, Inc. has a twelve month low of $135.13 and a twelve month high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. On average, equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Fiserv from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Tigress Financial lifted their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Barclays increased their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Susquehanna lifted their price objective on Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a report on Friday, October 18th. Finally, StockNews.com raised Fiserv from a "hold" rating to a "buy" rating in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $222.88.

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.