Fiserv, Inc. (NYSE:FI) Holdings Cut by Sendero Wealth Management LLC

Sendero Wealth Management LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,640 shares of the business services provider’s stock after selling 6,682 shares during the quarter. Fiserv comprises 1.2% of Sendero Wealth Management LLC’s portfolio, making the stock its 19th largest position. Sendero Wealth Management LLC’s holdings in Fiserv were worth $8,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Sanders Capital LLC acquired a new position in shares of Fiserv during the third quarter valued at $764,543,000. FMR LLC lifted its position in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S acquired a new position in Fiserv during the 3rd quarter valued at about $172,993,000. Kovitz Investment Group Partners LLC grew its position in Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock worth $18,581,095 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.2 %

Shares of NYSE:FI opened at $204.12 on Thursday. Fiserv, Inc. has a 52 week low of $135.97 and a 52 week high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $116.13 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The firm has a 50 day simple moving average of $209.69 and a 200 day simple moving average of $186.07.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 analyst estimates of $4.90 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Ratings Changes

FI has been the subject of several analyst reports. Stephens reiterated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Robert W. Baird boosted their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $223.17.

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.