Fiserv, Inc. (NYSE:FI) Shares Acquired by Soros Capital Management LLC

Soros Capital Management LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 71.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,797 shares of the business services provider’s stock after acquiring an additional 22,884 shares during the period. Fiserv makes up 2.4% of Soros Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Soros Capital Management LLC’s holdings in Fiserv were worth $9,844,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter worth approximately $25,000. Clean Yield Group raised its holdings in Fiserv by 431.3% in 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 during the period. Cedar Mountain Advisors LLC raised its holdings in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Family Firm Inc. purchased a new position in Fiserv in the second quarter valued at approximately $31,000. Finally, Kennebec Savings Bank purchased a new position in Fiserv in the third quarter valued at approximately $40,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna raised their price target on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Compass Point started coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.29.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock valued at $44,299,745 over the last 90 days. 0.75% of the stock is owned by company insiders.

Fiserv Stock Up 0.3 %

Shares of NYSE:FI opened at $222.45 on Wednesday. The firm has a market cap of $126.56 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. The company has a fifty day simple moving average of $197.64 and a 200 day simple moving average of $171.95. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $125.42 and a 12-month high of $223.23.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during 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 was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 earnings per share. On average, equities research analysts anticipate 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.