Fiserv, Inc. (NYSE:FI) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its position in Fiserv, Inc. (NYSE:FI) by 65.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 207,643 shares of the business services provider’s stock after purchasing an additional 81,892 shares during the period. Fiserv makes up 1.0% of Northwest & Ethical Investments L.P.’s holdings, making the stock its 16th largest position. Northwest & Ethical Investments L.P.’s holdings in Fiserv were worth $37,303,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC acquired a new stake in Fiserv during the first quarter worth about $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv during the second quarter worth $31,000. Clean Yield Group raised its position 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 during the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of 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 buying an additional 57 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in Fiserv by 95.5% during the second 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 during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 0.8 %

Fiserv stock traded down $1.86 during mid-day trading on Thursday, reaching $220.59. 2,234,422 shares of the company’s stock were exchanged, compared to its average volume of 2,484,949. Fiserv, Inc. has a twelve month low of $126.68 and a twelve month high of $223.23. The company has a fifty day moving average of $198.55 and a 200-day moving average of $172.29. The company has a market cap of $125.50 billion, a P/E ratio of 42.43, a P/E/G ratio of 1.70 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business earned $1.96 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Analysts Set New Price Targets

FI has been the subject of several research reports. Morgan Stanley upped their price objective on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. TD Cowen upped their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer initiated coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. The Goldman Sachs Group increased their price target on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $214.29.

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.