ORG Partners LLC decreased its stake in Fiserv, Inc. (NYSE:FI – Free Report) by 37.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,061 shares of the business services provider’s stock after selling 1,242 shares during the period. ORG Partners LLC’s holdings in Fiserv were worth $370,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quarry LP bought a new position in Fiserv during the fourth quarter valued at approximately $36,000. Chicago Partners Investment Group LLC bought a new stake in Fiserv in the fourth quarter worth $283,000. Integrated Advisors Network LLC purchased a new stake in Fiserv during the fourth quarter valued at about $788,000. Centaurus Financial Inc. purchased a new position in shares of Fiserv in the fourth quarter worth about $185,000. Finally, EP Wealth Advisors LLC purchased a new stake in Fiserv during the 4th quarter valued at about $1,489,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. TD Cowen lifted their price target on Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Oppenheimer assumed coverage on shares of Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. Barclays raised their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, KeyCorp raised their target price on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.84.
Insider Activity
In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock valued at $32,855,417 over the last ninety days. 0.75% of the stock is currently owned by corporate insiders.
Fiserv Stock Performance
Shares of FI stock opened at $193.23 on Tuesday. The company has a market capitalization of $113.06 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $109.11 and a one year high of $193.39. The company’s 50-day moving average is $174.07 and its 200 day moving average is $160.15.
Fiserv (NYSE:FI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 earnings per share. Sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.
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.
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