Mutual of America Capital Management LLC Sells 2,890 Shares of Fiserv, Inc. (NYSE:FI)

Mutual of America Capital Management LLC decreased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,897 shares of the business services provider's stock after selling 2,890 shares during the period. Mutual of America Capital Management LLC's holdings in Fiserv were worth $12,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FI. ORG Partners LLC lifted its holdings in Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider's stock valued at $486,000 after purchasing an additional 3,197 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider's stock worth $1,259,000 after buying an additional 2,794 shares during the period. Maxwell Wealth Strategies Inc. boosted its holdings in shares of Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider's stock worth $2,696,000 after buying an additional 2,869 shares during the period. Radnor Capital Management LLC acquired a new position in Fiserv in the 3rd quarter valued at about $1,543,000. Finally, Acadian Asset Management LLC raised its holdings in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock valued at $9,047,000 after acquiring an additional 44,776 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Up 0.9 %

Fiserv stock traded up $1.85 during trading hours on Monday, reaching $212.77. 1,748,863 shares of the company's stock were exchanged, compared to its average volume of 2,475,104. The firm's 50 day simple moving average is $191.36 and its 200 day simple moving average is $168.67. Fiserv, Inc. has a twelve month low of $121.86 and a twelve month high of $215.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $121.05 billion, a PE ratio of 40.77, a PEG ratio of 1.61 and a beta of 0.92.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FI shares. Jefferies Financial Group upped their target price on Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. KeyCorp increased their price objective on Fiserv from $180.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. TD Cowen boosted their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a "buy" rating and a $200.00 price target on the stock. Four 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 currently has an average rating of "Moderate Buy" and a consensus price target of $211.52.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company's stock, valued at approximately $4,764,211.83. This trade represents a 40.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 254,711 shares of company stock valued at $47,477,232 in the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

About Fiserv

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.