Kentucky Retirement Systems Insurance Trust Fund Sells 1,826 Shares of Fiserv, Inc. (NYSE:FI)

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in Fiserv, Inc. (NYSE:FI) by 9.7% in the third quarter, Holdings Channel reports. The fund owned 17,046 shares of the business services provider’s stock after selling 1,826 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Fiserv were worth $3,062,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the first quarter valued at about $25,000. Family Firm Inc. acquired a new position in Fiserv in the 2nd quarter valued at approximately $31,000. Clean Yield Group boosted its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 40.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 254,711 shares of company stock valued at $47,477,232. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.0 %

Shares of FI opened at $210.92 on Friday. Fiserv, Inc. has a twelve month low of $121.86 and a twelve month high of $215.50. The stock has a market cap of $120.00 billion, a PE ratio of 40.56, a P/E/G ratio of 1.63 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average price is $191.36 and its 200-day moving average price is $168.43.

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

Analysts Set New Price Targets

FI has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group lifted their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Oppenheimer started coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $207.25.

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.