Fiserv, Inc. (NYSE:FI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 4.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 544,131 shares of the business services provider’s stock after selling 25,576 shares during the period. The Manufacturers Life Insurance Company’s holdings in Fiserv were worth $97,753,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Fiserv by 11.8% during the 3rd quarter. Bank of Montreal Can now owns 749,711 shares of the business services provider’s stock worth $133,733,000 after acquiring an additional 79,241 shares in the last quarter. Bowie Capital Management LLC boosted its stake in shares of Fiserv by 7.9% during the 3rd quarter. Bowie Capital Management LLC now owns 319,616 shares of the business services provider’s stock worth $57,419,000 after acquiring an additional 23,420 shares in the last quarter. Associated Banc Corp boosted its stake in shares of Fiserv by 3.0% during the 3rd quarter. Associated Banc Corp now owns 447,080 shares of the business services provider’s stock worth $80,318,000 after acquiring an additional 12,937 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Fiserv by 87.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,293 shares of the business services provider’s stock valued at $771,000 after buying an additional 2,007 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Fiserv by 8.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 85,412 shares of the business services provider’s stock valued at $15,344,000 after buying an additional 6,630 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FI shares. Oppenheimer started coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target on the stock. BTIG Research started coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Compass Point started coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Citigroup raised their price target on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Finally, Stephens raised their price target on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $214.29.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is owned by company insiders.

Fiserv Trading Down 0.8 %

NYSE FI opened at $220.63 on Thursday. 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 firm has a market cap of $125.52 billion, a PE ratio of 42.43, a P/E/G ratio of 1.70 and a beta of 0.92. Fiserv, Inc. has a one year low of $126.68 and a one year high of $223.23. The firm’s fifty day moving average is $198.55 and its two-hundred day moving average is $172.29.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company 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%. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 earnings per share. Analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.