Jacobs & Co. CA Decreases Stake in Fiserv, Inc. (NYSE:FI)

Jacobs & Co. CA lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,711 shares of the business services provider’s stock after selling 2,553 shares during the period. Jacobs & Co. CA’s holdings in Fiserv were worth $8,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kimelman & Baird LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth about $60,000. Private Advisor Group LLC increased its position in shares of Fiserv by 4.4% during the 2nd quarter. Private Advisor Group LLC now owns 20,821 shares of the business services provider’s stock worth $3,103,000 after purchasing an additional 881 shares during the last quarter. Andra AP fonden grew its position in Fiserv by 9.7% in the 2nd quarter. Andra AP fonden now owns 55,295 shares of the business services provider’s stock valued at $8,241,000 after acquiring an additional 4,900 shares in the last quarter. LPL Financial LLC grew its position in Fiserv by 9.0% in the 2nd quarter. LPL Financial LLC now owns 362,647 shares of the business services provider’s stock valued at $54,049,000 after acquiring an additional 30,080 shares in the last quarter. Finally, Wellington Shields & Co. LLC grew its position in Fiserv by 143.3% in the 2nd quarter. Wellington Shields & Co. LLC now owns 382 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the business’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 $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 in the last 90 days. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of NYSE FI traded down $4.35 during trading on Friday, reaching $200.88. The stock had a trading volume of 1,727,618 shares, compared to its average volume of 2,046,475. Fiserv, Inc. has a one year low of $135.13 and a one year high of $223.23. 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 stock has a market cap of $114.28 billion, a PE ratio of 38.63, a P/E/G ratio of 1.56 and a beta of 0.94. The firm’s 50 day moving average price is $209.68 and its two-hundred day moving average price is $184.46.

Fiserv (NYSE:FI) last issued 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FI. Robert W. Baird lifted their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group lifted their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Compass Point started coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Oppenheimer boosted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Citigroup boosted their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

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.