Oppenheimer & Co. Inc. Sells 5,194 Shares of Fiserv, Inc. (NYSE:FI)

Oppenheimer & Co. Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 50.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,201 shares of the business services provider’s stock after selling 5,194 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Fiserv were worth $934,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Capital World Investors lifted its position in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $172,993,000. Manning & Napier Advisors LLC purchased a new position in shares of Fiserv in the second quarter valued at $105,031,000. American Century Companies Inc. raised its stake in Fiserv by 1,642.5% during the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after purchasing an additional 471,531 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Fiserv by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after purchasing an additional 417,459 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of FI stock opened at $215.15 on Wednesday. Fiserv, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $216.93. 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 capitalization of $122.40 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.61 and a beta of 0.92. The stock’s 50-day simple moving average is $193.02 and its 200-day simple moving average is $169.59.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the business posted $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now 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. In the last 90 days, insiders have sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Barclays lifted their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Citigroup increased their price target on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, Jefferies Financial Group increased their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.52.

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.