Artemis Investment Management LLP Trims Holdings in Fiserv, Inc. (NYSE:FI)

Artemis Investment Management LLP lessened its holdings in Fiserv, Inc. (NYSE:FI) by 19.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 516,263 shares of the business services provider’s stock after selling 125,412 shares during the quarter. Fiserv comprises approximately 1.4% of Artemis Investment Management LLP’s investment portfolio, making the stock its 17th largest holding. Artemis Investment Management LLP’s holdings in Fiserv were worth $92,747,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Regal Investment Advisors LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $1,093,000. Symmetry Investments LP purchased a new position in shares of Fiserv in the 4th quarter valued at about $461,000. MGO One Seven LLC acquired a new position in Fiserv in the 4th quarter worth about $2,594,000. Vista Investment Management purchased a new position in Fiserv during the fourth quarter worth approximately $576,000. Finally, Oribel Capital Management LP acquired a new stake in Fiserv in the fourth quarter valued at approximately $22,198,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of the company’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 $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,890 shares of company stock valued at $36,572,057. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $187.88 on Wednesday. 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 stock has a market cap of $109.93 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.45 and a beta of 0.93. The company’s 50 day moving average price is $171.16 and its two-hundred day moving average price is $159.05. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $188.85.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Robert W. Baird increased their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Oppenheimer initiated coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.64.

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.