Tandem Investment Advisors Inc. Trims Stock Position in Fiserv, Inc. (NYSE:FI)

by · The Cerbat Gem

Tandem Investment Advisors Inc. cut its stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 1.7% in the third quarter, Holdings Channel.com reports. The fund owned 39,797 shares of the business services provider’s stock after selling 693 shares during the period. Tandem Investment Advisors Inc.’s holdings in Fiserv were worth $7,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its holdings in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Fiserv in the 1st quarter worth about $493,000. Empowered Funds LLC raised its position in shares of Fiserv by 18.6% during the 1st quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock worth $1,219,000 after purchasing an additional 1,199 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Fiserv by 3.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,468 shares of the business services provider’s stock valued at $1,513,000 after acquiring an additional 305 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Fiserv by 3.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,801 shares of the business services provider’s stock worth $927,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 1.1 %

NYSE FI opened at $208.87 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average is $185.93 and its 200 day moving average is $165.66. The stock has a market capitalization of $118.83 billion, a PE ratio of 40.17, a PEG ratio of 1.54 and a beta of 0.92. Fiserv, Inc. has a 1 year low of $118.42 and a 1 year high of $211.98.

Fiserv (NYSE:FI – Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business earned $1.96 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Royal Bank of Canada raised their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group lifted their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. BTIG Research started coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Finally, William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Four research 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 company. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Read Our Latest Analysis on FI

Insider Buying and Selling

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock valued at $46,968,117 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Profile

(Free Report)

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.

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