MassMutual Private Wealth & Trust FSB Cuts Stock Holdings in Fiserv, Inc. (NYSE:FI)

MassMutual Private Wealth & Trust FSB lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,569 shares of the business services provider’s stock after selling 1,870 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Fiserv were worth $27,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Waypoint Capital Advisors LLC boosted its position in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares in the last quarter. Optas LLC boosted its holdings in shares of Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after purchasing an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC grew its position in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Finally, Central Valley Advisors LLC increased its holdings in shares of Fiserv by 0.5% in the fourth quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock valued at $2,326,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.2 %

Fiserv stock opened at $208.67 on Monday. The stock has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. 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 stock has a 50 day moving average of $209.45 and a two-hundred day moving average of $187.03. Fiserv, Inc. has a twelve month low of $136.93 and a twelve month high of $223.23.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.96 EPS. As a group, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FI shares. Mizuho boosted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Robert W. Baird lifted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Compass Point started coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Insiders Place Their Bets

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is owned by corporate insiders.

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.