AdvisorNet Financial Inc Sells 88 Shares of Fiserv, Inc. (NYSE:FI)

AdvisorNet Financial Inc reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,708 shares of the business services provider’s stock after selling 88 shares during the quarter. AdvisorNet Financial Inc’s holdings in Fiserv were worth $2,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Legal & General Group Plc increased its stake in Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after acquiring an additional 85,598 shares during the period. Sanders Capital LLC acquired a new position in Fiserv in the 3rd quarter valued at approximately $764,543,000. Dimensional Fund Advisors LP lifted its position in shares of Fiserv by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock worth $441,173,000 after acquiring an additional 225,159 shares during the period. Finally, Blair William & Co. IL grew its holdings in shares of Fiserv by 2.5% during the 2nd quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider’s stock worth $323,624,000 after purchasing an additional 52,748 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FI. Susquehanna raised their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Morgan Stanley raised their price objective on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets raised their price target on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $223.17.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock worth $18,581,095 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.5 %

NYSE FI opened at $204.56 on Wednesday. The stock has a market capitalization of $116.38 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $135.97 and a 52 week 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 fifty day moving average of $209.69 and a 200-day moving average of $186.07.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 firm had revenue of $5.22 billion during 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 company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS 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.