Swiss National Bank Cuts Stock Position in Fiserv, Inc. (NYSE:FI)

Swiss National Bank cut its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,736,686 shares of the business services provider's stock after selling 11,400 shares during the quarter. Swiss National Bank owned approximately 0.31% of Fiserv worth $311,996,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC boosted its holdings in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider's stock worth $194,000 after acquiring an additional 68 shares in the last quarter. Nwam LLC purchased a new stake in Fiserv during the 1st quarter valued at about $239,000. Acadian Asset Management LLC increased its stake in Fiserv by 377.3% during 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 purchasing an additional 44,776 shares in the last quarter. Covestor Ltd raised its holdings in Fiserv by 23.0% in the first quarter. Covestor Ltd now owns 862 shares of the business services provider's stock worth $138,000 after buying an additional 161 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. raised its holdings in Fiserv by 5.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 13,982 shares of the business services provider's stock worth $2,235,000 after buying an additional 750 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Shares of NYSE:FI traded up $0.07 during mid-day trading on Friday, reaching $210.92. 2,279,330 shares of the company traded hands, compared to its average volume of 2,653,580. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50. The firm has a market cap of $120.00 billion, a PE ratio of 40.56, a PEG ratio of 1.61 and a beta of 0.92. The company's 50 day moving average price is $191.36 and its 200-day moving average price is $168.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Fiserv from $175.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. StockNews.com raised Fiserv from a "hold" rating to a "buy" rating in a report on Thursday, September 26th. UBS Group upped their price target on Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. B. Riley lifted their price objective on Fiserv from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group boosted their target price on Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $209.74.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv 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 sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of the 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company's stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,711 shares of company stock valued at $47,477,232 over the last ninety days. 0.75% of the stock is currently owned by company 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.