Geode Capital Management LLC Reduces Position in Fiserv, Inc. $FI

Geode Capital Management LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,121,353 shares of the business services provider’s stock after selling 614,564 shares during the period. Geode Capital Management LLC owned approximately 2.23% of Fiserv worth $2,081,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC acquired a new position in Fiserv in the 2nd quarter valued at about $34,000. Christopher J. Hasenberg Inc increased its holdings in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in Fiserv by 960.9% in the second quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.74% of the stock is currently owned by company insiders.

Fiserv Price Performance

Shares of FI opened at $63.66 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. Fiserv, Inc. has a 1-year low of $60.95 and a 1-year high of $238.59. The stock has a market cap of $34.24 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The firm has a fifty day moving average price of $115.84 and a 200 day moving average price of $144.14.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Mizuho set a $145.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a report on Tuesday, October 28th. Barclays set a $175.00 price target on Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $127.28.

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.