Rockefeller Capital Management L.P. Boosts Position in Fiserv, Inc. (NYSE:FI)

Rockefeller Capital Management L.P. boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,940 shares of the business services provider’s stock after purchasing an additional 297 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Fiserv were worth $15,076,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Fiserv by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares in the last quarter. Legal & General Group Plc boosted its position in Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after purchasing an additional 85,598 shares in the last quarter. Sanders Capital LLC purchased a new stake in Fiserv during the third quarter worth $764,543,000. Finally, Dimensional Fund Advisors LP boosted its position in Fiserv by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock worth $441,173,000 after purchasing an additional 225,159 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on 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 owns 2,965,084 shares in the company, valued at approximately $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. Insiders have sold a total of 235,821 shares of company stock worth $44,299,745 in the last three months. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Compass Point initiated coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, UBS Group upped their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv Stock Up 0.2 %

FI opened at $220.96 on Monday. Fiserv, Inc. has a 12 month low of $128.43 and a 12 month high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $125.71 billion, a P/E ratio of 42.49, a P/E/G ratio of 1.69 and a beta of 0.92. The stock’s 50 day moving average price is $200.25 and its 200 day moving average price is $173.36.

Fiserv (NYSE:FI) last posted its 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 return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the firm earned $1.96 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Fiserv Company 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.