Fiserv, Inc. (NYSE:FI) Stake Raised by Park Place Capital Corp

Park Place Capital Corp lifted its stake in Fiserv, Inc. (NYSE:FI) by 7.9% during the fourth quarter, HoldingsChannel reports. The fund owned 7,559 shares of the business services provider’s stock after purchasing an additional 551 shares during the quarter. Park Place Capital Corp’s holdings in Fiserv were worth $1,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 valued at $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter valued at approximately $40,000. Friedenthal Financial acquired a new stake in Fiserv in the 4th quarter worth approximately $49,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the third quarter worth approximately $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. Compass Point started coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Morgan Stanley boosted their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Oppenheimer raised their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Tigress Financial boosted their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Three research 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 company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction 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 represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.5 %

Shares of FI opened at $208.01 on Wednesday. The stock has a 50 day simple moving average of $209.23 and a 200-day simple moving average of $188.13. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $118.34 billion, a PE ratio of 40.00, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23.

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