Sky Investment Group LLC Acquires 345 Shares of Fiserv, Inc. (NYSE:FI)

Sky Investment Group LLC increased its holdings in Fiserv, Inc. (NYSE:FI) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,290 shares of the business services provider’s stock after buying an additional 345 shares during the period. Sky Investment Group LLC’s holdings in Fiserv were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of Fiserv during the 4th quarter worth $3,292,000. Fisher Asset Management LLC bought a new position in Fiserv in the 4th quarter valued at about $296,000. Dynamic Advisor Solutions LLC raised its position in shares of Fiserv by 5.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock valued at $1,361,000 after buying an additional 413 shares in the last quarter. RMR Wealth Builders bought a new stake in shares of Fiserv during the 1st quarter worth approximately $363,000. Finally, Brookstone Capital Management lifted its holdings in shares of Fiserv by 313.1% during the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock worth $4,277,000 after acquiring an additional 20,282 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were 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 in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,890 shares of company stock worth $32,855,417. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. Barclays boosted their price objective 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. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Robert W. Baird boosted their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.83.

Fiserv Stock Down 0.3 %

Shares of NYSE FI traded down $0.61 during midday trading on Tuesday, hitting $196.56. 1,311,774 shares of the stock traded hands, compared to its average volume of 2,463,477. Fiserv, Inc. has a one year low of $109.11 and a one year high of $198.86. The company has a market cap of $115.01 billion, a PE ratio of 36.11, a P/E/G ratio of 1.44 and a beta of 0.93. The business has a 50 day moving average price of $177.77 and a two-hundred day moving average price of $161.51. 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 issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the company posted $1.81 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post 8.74 EPS for the current year.

About Fiserv

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.