Fiserv, Inc. (NYSE:FI) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 50.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,201 shares of the business services provider's stock after selling 5,194 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Fiserv were worth $934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FI. Waypoint Capital Advisors LLC raised its stake in shares of 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 acquiring an additional 51 shares during the period. Optas LLC grew its stake 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 in the last quarter. Cedar Mountain Advisors LLC raised its holdings 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 buying an additional 57 shares during the period. Covestor Ltd lifted its stake in Fiserv by 7.6% during the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider's stock worth $150,000 after acquiring an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. lifted its stake in Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider's stock worth $296,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction 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 $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock worth $44,299,745 in the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FI stock traded up $2.82 during mid-day trading on Wednesday, hitting $217.94. The stock had a trading volume of 2,785,603 shares, compared to its average volume of 2,477,269. Fiserv, Inc. has a fifty-two week low of $124.11 and a fifty-two week high of $218.18. 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 company's 50-day simple moving average is $193.96 and its 200-day simple moving average is $169.92. The firm has a market cap of $123.99 billion, a PE ratio of 41.91, a PEG ratio of 1.61 and a beta of 0.92.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on FI. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Oppenheimer assumed coverage on Fiserv in a report on Tuesday, October 1st. They issued an "outperform" rating and a $203.00 target price for the company. Royal Bank of Canada boosted their target price on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price objective on Fiserv from $178.00 to $184.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Finally, William Blair raised shares of Fiserv to a "strong-buy" rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $214.29.

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.