Raleigh Capital Management Inc. Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

Raleigh Capital Management Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 50.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,487 shares of the business services provider’s stock after selling 1,519 shares during the period. Raleigh Capital Management Inc.’s holdings in Fiserv were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Soros Capital Management LLC boosted its holdings in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after acquiring an additional 22,884 shares during the last quarter. Czech National Bank lifted its position in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC purchased a new stake in Fiserv in the third quarter worth approximately $4,709,000. Trust Co. of Vermont grew its position in Fiserv by 170.4% in the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. purchased a new stake in Fiserv during the 4th quarter valued at $97,254,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Morgan Stanley raised their price objective on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays boosted their target price 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. BMO Capital Markets lifted their price target on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Compass Point assumed coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the 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 approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 owns 33,235 shares in the company, valued at $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. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Down 1.5 %

FI opened at $206.35 on Friday. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $209.15 and a 200-day simple moving average of $188.28. The firm has a market cap of $117.40 billion, a P/E ratio of 39.68, a P/E/G ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. On average, equities analysts expect 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.