D. E. Shaw & Co. Inc. Sells 222,405 Shares of Fiserv, Inc. (NYSE:FI)

D. E. Shaw & Co. Inc. lowered its stake in Fiserv, Inc. (NYSE:FI) by 42.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 299,318 shares of the business services provider’s stock after selling 222,405 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Fiserv were worth $44,610,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Aveo Capital Partners LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $309,000. 9258 Wealth Management LLC purchased a new stake in Fiserv in the fourth quarter worth $552,000. Parallel Advisors LLC bought a new position in Fiserv in the fourth quarter worth $490,000. TD Asset Management Inc purchased a new position in Fiserv during the fourth quarter valued at $39,137,000. Finally, Stifel Financial Corp bought a new stake in shares of Fiserv during the 4th quarter valued at $38,258,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock worth $36,572,057 in the last quarter. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their price target on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BMO Capital Markets raised their price objective on Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, B. Riley boosted their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.88.

Fiserv Price Performance

Shares of FI opened at $178.41 on Friday. The firm has a fifty day simple moving average of $167.88 and a two-hundred day simple moving average of $157.49. The firm has a market cap of $104.39 billion, a PE ratio of 33.35, a P/E/G ratio of 1.45 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $179.53.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.81 billion. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 earnings per share. On average, equities analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

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.