Catalyst Capital Advisors LLC Sells 442 Shares of Fiserv, Inc. (NYSE:FI)

Catalyst Capital Advisors LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 25.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,303 shares of the business services provider’s stock after selling 442 shares during the period. Catalyst Capital Advisors LLC’s holdings in Fiserv were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Wellington Shields & Co. LLC bought a new stake in Fiserv during the first quarter worth about $25,000. Family Firm Inc. bought a new stake in Fiserv during the 2nd quarter worth approximately $31,000. Clean Yield Group increased its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% in the 3rd 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. Finally, Newbridge Financial Services Group Inc. boosted 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 worth $39,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. KeyCorp lifted their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. B. Riley boosted their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. BTIG Research began coverage on shares of Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.25.

Insider Buying and Selling

In other Fiserv news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. 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 hyperlink. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of FI stock opened at $203.00 on Wednesday. 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 12-month low of $118.42 and a 12-month high of $204.50. The firm has a fifty day moving average of $185.14 and a 200-day moving average of $165.34. The firm has a market capitalization of $115.49 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm 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 company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share. On average, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current 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.