Longview Partners Guernsey LTD has $608.18M stock position in Fiserv, Inc. (NYSE:FI)

Longview Partners Guernsey LTD reduced its position in Fiserv, Inc. (NYSE:FI – Free Report) by 12.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,080,665 shares of the business services provider’s stock after selling 556,280 shares during the quarter. Fiserv comprises about 4.5% of Longview Partners Guernsey LTD’s portfolio, making the stock its 8th largest holding. Longview Partners Guernsey LTD owned approximately 0.70% of Fiserv worth $608,182,000 at the end of the most recent reporting period.

Several other institutional investors have added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the first quarter worth $25,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv in the 4th quarter valued at $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter worth $31,000. Finally, ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the first quarter worth $32,000. 90.98% of shares are currently owned by institutional investors.

Insider buying and selling

In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this link. In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold a total of 66,890 shares of company stock worth $10,853,407. Company insiders own 0.75% of the company’s shares.

Fiserv trading down 0.7%

Shares of Fiserv stock opened at $177.61 on Friday. The firm has a market cap of $103.92 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.38 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06, and a debt-to-equity ratio of 0.85. The company’s 50-day simple moving average is $166.23, and its two-hundred-day simple moving average is $156.74. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $178.89.

Fiserv (NYSE:FI – Get Free Report ) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. In the same quarter last year, the company earned $1.81 per share. Fiserv’s revenues for the quarter increased by 7.4% compared to the year. Analysts predict that Fiserv, Inc. will record 8.74 EPS for the current year.

Analyst upgrades and downgrades

A number of equities research analysts recently weighed in on FI shares. Royal Bank of Canada boosted their price objective on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. TD Cowen boosted their price objective on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. KeyCorp boosted their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Citigroup upgraded Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $154.00 to $175.00 in a report on research on Monday, July 22. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32, according to MarketBeat.

Get the latest stock analysis on Fiserv

About Fiserv

(Free Report)

Fiserv, Inc, together with its subsidiaries, provides payment technology and financial services in the United States, Europe, the Middle East and Africa, Latin America, Asia-Pacific and internationally. It operates through the Merchant Acceptance, Financial Technology and Payments and Network segments.

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