Fiserv, Inc. (NYSE:FI) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its holdings in Fiserv, Inc. (NYSE:FI) by 3.8% in the third quarter, HoldingsChannel.com reports. The firm owned 22,105 shares of the business services provider’s stock after selling 875 shares during the period. Van ECK Associates Corp’s holdings in Fiserv were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $25,000. Clean Yield Group lifted its stake in 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 Fiserv by 42.5% in the third 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 last quarter. Family Firm Inc. acquired a new position in shares of Fiserv during the second quarter valued at $31,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv during the third quarter worth about $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI stock opened at $210.79 on Friday. Fiserv, Inc. has a one year low of $118.42 and a one year high of $212.84. The firm has a 50-day moving average of $187.37 and a two-hundred day moving average of $166.39. The firm has a market capitalization of $119.92 billion, a PE ratio of 40.54, a P/E/G ratio of 1.54 and a beta of 0.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,890 shares of company stock valued at $46,968,117 over the last quarter. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FI. Citigroup upped their target price on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Barclays raised their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group boosted their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $207.25.

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.