Fiserv, Inc. (NYSE:FI) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. increased its position in shares of Fiserv, Inc. (NYSE:FI) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,006 shares of the business services provider’s stock after purchasing an additional 75 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Fiserv were worth $540,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the first quarter worth $25,000. Clean Yield Group increased its holdings in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $32,000. Finally, Family Firm Inc. acquired a new position in Fiserv during the 2nd quarter valued at about $31,000. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock valued at $32,855,417 in the last three months. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI stock opened at $197.15 on Tuesday. The firm has a 50 day simple moving average of $177.77 and a 200 day simple moving average of $161.51. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $198.86. The stock has a market cap of $115.35 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

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

Analysts Set New Price Targets

FI has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. KeyCorp raised their target price on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Susquehanna upped their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday. Finally, Jefferies Financial Group boosted their price target on shares of Fiserv from $160.00 to $195.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Three investment 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.92.

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.