Fiserv, Inc. (NYSE:FI) Shares Sold by Suncoast Equity Management

Suncoast Equity Management cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 6.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,227 shares of the business services provider's stock after selling 14,003 shares during the period. Fiserv makes up about 4.4% of Suncoast Equity Management's holdings, making the stock its 10th largest holding. Suncoast Equity Management's holdings in Fiserv were worth $38,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter valued at approximately $25,000. Clean Yield Group grew its position in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock worth $34,000 after acquiring an additional 57 shares during the period. ZRC Wealth Management LLC purchased a new position in Fiserv in the first quarter worth approximately $32,000. Finally, Family Firm Inc. purchased a new position in Fiserv in the second quarter worth approximately $31,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Frank Bisignano sold 145,000 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, COO Guy Chiarello sold 24,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Down 0.1 %

Fiserv stock traded down $0.14 during midday trading on Monday, reaching $197.15. The company's stock had a trading volume of 3,011,405 shares, compared to its average volume of 2,469,473. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $198.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market cap of $115.35 billion, a P/E ratio of 36.76, a P/E/G ratio of 1.44 and a beta of 0.93. The business has a 50-day simple moving average of $177.05 and a 200-day simple moving average of $161.21.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.81 earnings per share. On average, research analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FI shares. TD Cowen increased their price objective on Fiserv from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Susquehanna increased their price objective on Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research report on Friday. William Blair upgraded Fiserv to a "strong-buy" rating in a research report on Wednesday, July 24th. B. Riley upped their price target on Fiserv from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Finally, BTIG Research initiated coverage on Fiserv in a research note on Wednesday, August 28th. They set a "buy" rating and a $200.00 price target on the stock. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average price target of $187.92.

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.