Bellecapital International Ltd. Boosts Stake in Fiserv, Inc. (NYSE:FI)

Bellecapital International Ltd. grew its position in shares of Fiserv, Inc. (NYSE:FI) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 73,448 shares of the business services provider’s stock after buying an additional 676 shares during the quarter. Fiserv accounts for 2.6% of Bellecapital International Ltd.’s holdings, making the stock its 13th biggest position. Bellecapital International Ltd.’s holdings in Fiserv were worth $13,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Norden Group LLC purchased a new position in Fiserv in the first quarter worth $2,359,000. ORG Partners LLC boosted its holdings in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares during the period. ZRC Wealth Management LLC purchased a new position in Fiserv in the 1st quarter valued at approximately $32,000. Park Place Capital Corp raised its holdings in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after acquiring an additional 2,794 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after acquiring an additional 44,776 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective on the stock. Jefferies Financial Group upped their price target on Fiserv from $160.00 to $195.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Barclays raised their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley upped their target price on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.92.

Fiserv Trading Down 0.6 %

NYSE:FI traded down $1.13 during trading hours on Monday, reaching $196.16. The company’s stock had a trading volume of 739,367 shares, compared to its average volume of 2,458,385. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $198.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50-day simple moving average of $177.05 and a 200-day simple moving average of $161.21. The firm has a market capitalization of $114.77 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 earnings per share. Research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock valued at $32,855,417 in the last 90 days. Insiders own 0.75% of the company’s stock.

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.