GSG Advisors LLC Reduces Holdings in Fiserv, Inc. (NYSE:FI)

GSG Advisors LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,208 shares of the business services provider’s stock after selling 92 shares during the period. GSG Advisors LLC’s holdings in Fiserv were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group raised its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its position in shares of 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 in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Fiserv in the 3rd quarter worth $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FI has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Morgan Stanley boosted their target price on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group boosted their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $222.88.

Fiserv Stock Up 0.6 %

Fiserv stock opened at $201.63 on Tuesday. The stock’s fifty day simple moving average is $209.66 and its 200-day simple moving average is $185.68. 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 twelve month low of $135.97 and a twelve month high of $223.23. The firm has a market capitalization of $114.71 billion, a P/E ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $1.96 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal 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.