Investment Management Corp of Ontario Has $4.57 Million Stake in Fiserv, Inc. (NYSE:FI)

Investment Management Corp of Ontario increased its position in shares of Fiserv, Inc. (NYSE:FI) by 32.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,443 shares of the business services provider’s stock after buying an additional 6,300 shares during the quarter. Investment Management Corp of Ontario’s holdings in Fiserv were worth $4,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth about $31,000. Clean Yield Group raised its holdings in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% during 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 during the last quarter. Newbridge Financial Services Group Inc. grew its stake in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock worth $44,299,745 in the last ninety days. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $215.38 on Wednesday. The business has a fifty day simple moving average of $201.79 and a 200 day simple moving average of $174.26. The company has a market cap of $122.53 billion, a P/E ratio of 41.42, a P/E/G ratio of 1.67 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $129.60 and a twelve month high of $223.23.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FI shares. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Citigroup increased their price target on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Stephens raised their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $215.25.

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.