Fiserv, Inc. (NYSE:FI) Stock Holdings Cut by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 27.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,076 shares of the business services provider’s stock after selling 1,513 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Fiserv were worth $732,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FI. Wellington Management Group LLP acquired a new stake in Fiserv in the 4th quarter valued at about $3,292,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $254,000. Hennion & Walsh Asset Management Inc. lifted its stake in Fiserv by 57.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,002 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 1,096 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Fiserv by 7.5% during the first quarter. New Mexico Educational Retirement Board now owns 34,516 shares of the business services provider’s stock worth $5,516,000 after buying an additional 2,400 shares in the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new position in Fiserv in the first quarter worth approximately $349,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Doyle Simons sold 40,000 shares of Fiserv 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 transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 227,890 shares of company stock worth $40,934,217. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FI has been the subject of several research reports. TD Cowen raised their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.38.

Fiserv Price Performance

Shares of FI opened at $199.52 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a market cap of $114.87 billion, a PE ratio of 38.37, a PEG ratio of 1.53 and a beta of 0.93. The firm’s 50 day moving average price is $180.68 and its 200 day moving average price is $162.66. Fiserv, Inc. has a twelve month low of $111.53 and a twelve month high of $204.50.

Fiserv (NYSE:FI) last released its quarterly earnings results 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 the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 EPS. As a group, research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.