Arcataur Capital Management LLC Has $1.33 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Arcataur Capital Management LLC raised its holdings in Fiserv, Inc. (NYSE:FI) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,448 shares of the business services provider’s stock after buying an additional 85 shares during the quarter. Arcataur Capital Management LLC’s holdings in Fiserv were worth $1,325,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sanders Capital LLC acquired a new stake in shares of Fiserv in the third quarter worth $764,543,000. FMR LLC boosted its holdings in Fiserv by 17.8% in 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 purchasing an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new stake in Fiserv in the 3rd quarter worth $172,993,000. Kovitz Investment Group Partners LLC increased its holdings in shares of 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 worth $109,700,000 after purchasing an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC raised its position in shares of 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 buying an additional 558,774 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FI shares. Citigroup lifted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Susquehanna upped their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $235.91.

Fiserv Price Performance

Shares of FI stock opened at $230.18 on Friday. The stock’s fifty day moving average is $208.82 and its 200-day moving average is $192.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 52 week low of $142.14 and a 52 week high of $233.26. The stock has a market capitalization of $130.95 billion, a PE ratio of 44.27, a PEG ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Equities research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.