ORG Wealth Partners LLC Cuts Stake in Fiserv, Inc. (NYSE:FI)

ORG Wealth Partners LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 649 shares of the business services provider’s stock after selling 141 shares during the quarter. ORG Wealth Partners LLC’s holdings in Fiserv were worth $133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group lifted its holdings in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv in the third quarter worth approximately $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada raised their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Tigress Financial raised their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Barclays lifted their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird lifted their price objective on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Citigroup lifted their price objective on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average price target of $222.88.

Fiserv Stock Down 2.3 %

NYSE FI opened at $200.51 on Friday. The stock’s 50 day moving average is $209.64 and its 200 day moving average is $184.81. 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 12 month low of $135.13 and a 12 month high of $223.23. The stock has a market cap of $114.07 billion, a PE ratio of 38.56, a P/E/G ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.96 EPS. Research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’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 disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 in the last ninety days. 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.