Fiserv, Inc. (NYSE:FI) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its position in Fiserv, Inc. (NYSE:FI) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,720 shares of the business services provider’s stock after selling 130 shares during the quarter. Tributary Capital Management LLC’s holdings in Fiserv were worth $559,000 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. Sanders Capital LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at approximately $764,543,000. FMR LLC increased its stake in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S acquired a new stake in Fiserv in the third quarter valued at $172,993,000. Kovitz Investment Group Partners LLC boosted its stake in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after acquiring an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after acquiring an additional 558,774 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $208.90 on Friday. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average price of $209.02 and a two-hundred day moving average price of $188.80. The firm has a market cap of $118.85 billion, a P/E ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business earned $1.96 earnings per share. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FI. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Susquehanna lifted their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. The Goldman Sachs Group upped their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

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.