Pacer Advisors Inc. Sells 14,125 Shares of Fiserv, Inc. (NYSE:FI)

Pacer Advisors Inc. lowered its holdings in Fiserv, Inc. (NYSE:FI) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,596 shares of the business services provider’s stock after selling 14,125 shares during the period. Pacer Advisors Inc.’s holdings in Fiserv were worth $11,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FI. Sanders Capital LLC bought a new position in shares of Fiserv in the third quarter valued at approximately $764,543,000. FMR LLC boosted its position in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S bought a new position in shares of Fiserv in the third quarter worth approximately $172,993,000. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.6 %

NYSE FI opened at $211.90 on Wednesday. The firm has a market capitalization of $120.55 billion, a PE ratio of 40.75, a P/E/G ratio of 1.37 and a beta of 0.94. The stock’s 50 day moving average is $209.03 and its 200 day moving average is $189.79. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Compass Point initiated coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Jefferies Financial Group lifted their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Mizuho increased their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

About Fiserv

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.