Toth Financial Advisory Corp Sells 5,002 Shares of Fiserv, Inc. (NYSE:FI)

Toth Financial Advisory Corp cut its stake in Fiserv, Inc. (NYSE:FI) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,895 shares of the business services provider’s stock after selling 5,002 shares during the period. Fiserv accounts for about 3.2% of Toth Financial Advisory Corp’s portfolio, making the stock its largest position. Toth Financial Advisory Corp’s holdings in Fiserv were worth $27,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Kimelman & Baird LLC acquired a new position in Fiserv in the 2nd quarter worth approximately $60,000. Public Sector Pension Investment Board increased its stake in shares of Fiserv by 62.6% in the second quarter. Public Sector Pension Investment Board now owns 21,739 shares of the business services provider’s stock worth $3,240,000 after acquiring an additional 8,369 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of Fiserv by 14.8% during the second quarter. Insigneo Advisory Services LLC now owns 3,263 shares of the business services provider’s stock worth $505,000 after purchasing an additional 420 shares during the last quarter. APG Asset Management N.V. lifted its position in Fiserv by 42.1% during the second quarter. APG Asset Management N.V. now owns 163,793 shares of the business services provider’s stock valued at $22,777,000 after purchasing an additional 48,500 shares during the period. Finally, MBB Public Markets I LLC purchased a new stake in Fiserv in the second quarter valued at $6,152,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FI shares. BMO Capital Markets boosted their price objective on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Performance

Shares of Fiserv stock opened at $208.90 on Friday. 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 business’s 50 day moving average price is $209.02 and its 200 day moving average price is $188.80. The company has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23.

Fiserv (NYSE:FI) last announced 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 net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

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.