Fiserv, Inc. (NYSE:FI) Shares Sold by Prana Capital Management LP

Prana Capital Management LP trimmed its stake in Fiserv, Inc. (NYSE:FI) by 80.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,144 shares of the business services provider’s stock after selling 110,284 shares during the quarter. Prana Capital Management LP’s holdings in Fiserv were worth $4,876,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FI. FMR LLC boosted its holdings in 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 acquiring an additional 1,427,664 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Fiserv by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the period. Legal & General Group Plc lifted its holdings 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 worth $687,489,000 after acquiring an additional 85,598 shares in the last quarter. Sanders Capital LLC bought a new position in Fiserv during the 3rd quarter worth about $764,543,000. Finally, Dimensional Fund Advisors LP grew its holdings 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 valued at $441,173,000 after acquiring an additional 225,159 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of Fiserv stock opened at $215.38 on Wednesday. Fiserv, Inc. has a twelve month low of $129.60 and a twelve month high of $223.23. The stock has a market capitalization of $122.53 billion, a P/E ratio of 41.42, a PEG ratio of 1.67 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average price is $201.79 and its 200 day moving average price is $174.26.

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

Analyst Ratings Changes

FI has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday. Citigroup upped their price target on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Morgan Stanley boosted their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Compass Point initiated coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $215.25.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock worth $44,299,745 in the last quarter. 0.75% of the stock is owned by company insiders.

Fiserv Company 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.