Fiserv, Inc. (NYSE:FI) Stock Position Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 43.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 547,145 shares of the business services provider’s stock after buying an additional 165,849 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Fiserv worth $98,295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Soros Capital Management LLC raised its stake in shares of Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after buying an additional 22,884 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after acquiring an additional 3,197 shares in the last quarter. Maxwell Wealth Strategies Inc. lifted its holdings in shares of Fiserv by 23.6% during the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after purchasing an additional 2,869 shares during the last quarter. Park Place Capital Corp raised its holdings in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after buying an additional 2,794 shares during the period. Finally, Radnor Capital Management LLC acquired a new stake in shares of Fiserv during the third quarter valued at approximately $1,543,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.2 %

Shares of NYSE:FI opened at $220.96 on Friday. The company has a 50-day simple moving average of $200.25 and a 200 day simple moving average of $173.23. The company has a market capitalization of $125.71 billion, a P/E ratio of 42.49, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 52-week low of $128.43 and a 52-week high of $223.23.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Frank Bisignano sold 145,000 shares of the 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 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 4.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock worth $44,299,745 over the last three months. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FI shares. Oppenheimer initiated coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. KeyCorp upped their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets raised their target price on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Compass Point began 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. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv 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.