Certified Advisory Corp Trims Stake in Fiserv, Inc. (NYSE:FI)

Certified Advisory Corp trimmed its position in Fiserv, Inc. (NYSE:FI) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,238 shares of the business services provider’s stock after selling 82 shares during the quarter. Certified Advisory Corp’s holdings in Fiserv were worth $1,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC purchased a new position in Fiserv during the first quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in Fiserv during the second quarter worth $31,000. Clean Yield Group boosted its position in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Fiserv by 95.5% in the 2nd 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 in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock valued at $44,299,745 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of NYSE FI opened at $221.56 on Friday. The company has a 50 day simple moving average of $195.77 and a two-hundred day simple moving average of $170.87. The stock has a market cap of $126.05 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.66 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, Inc. has a 12 month low of $125.42 and a 12 month high of $222.05.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Ratings Changes

FI has been the topic of a number of recent research reports. Mizuho raised their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays boosted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. UBS Group raised their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.29.

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.