Oppenheimer Asset Management Inc. Has $10.66 Million Position in Fiserv, Inc. (NYSE:FI)

Oppenheimer Asset Management Inc. decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 34.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,347 shares of the business services provider's stock after selling 30,960 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Fiserv were worth $10,662,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new position in Fiserv in the second quarter worth approximately $31,000. Clean Yield Group increased its holdings in shares of 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 position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock worth $39,000 after acquiring an additional 127 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of Fiserv stock traded down $2.31 on Thursday, reaching $210.87. The stock had a trading volume of 2,283,461 shares, compared to its average volume of 2,479,272. Fiserv, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $215.50. The business's 50-day moving average price is $189.77 and its two-hundred day moving average price is $167.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $119.97 billion, a P/E ratio of 41.00, a price-to-earnings-growth ratio of 1.64 and a beta of 0.92.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during 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 business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 earnings per share. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. William Blair raised shares of Fiserv to a "strong-buy" rating in a research note on Wednesday, July 24th. Susquehanna upped their price target 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. Citigroup lifted their price objective on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Stephens lifted their price target on Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $207.25.

Insider Buying and Selling at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $4,468,394.81. Following the completion of the transaction, 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 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 insiders.

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.