Fiserv, Inc. (NYSE:FI) Shares Sold by Woodstock Corp

Woodstock Corp decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,792 shares of the business services provider’s stock after selling 332 shares during the quarter. Fiserv makes up about 1.4% of Woodstock Corp’s portfolio, making the stock its 18th biggest holding. Woodstock Corp’s holdings in Fiserv were worth $14,337,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Clean Yield Group increased its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares during the period. Kennebec Savings Bank acquired a new position in Fiserv during the 3rd quarter worth about $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv during the 3rd quarter valued at about $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FI. Keefe, Bruyette & Woods increased their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada raised their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Compass Point started coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Finally, UBS Group lifted their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was 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 $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

Shares of Fiserv stock opened at $206.21 on Friday. The stock has a market capitalization of $117.32 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 1.32 and a beta of 0.94. The firm’s fifty day simple moving average is $209.55 and its 200-day simple moving average is $186.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $136.48 and a 12 month high of $223.23.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during 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%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. As a group, equities analysts forecast 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.