Barclays PLC Grows Stock Position in Fiserv, Inc. (NYSE:FI)

Barclays PLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 3.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,685,157 shares of the business services provider’s stock after purchasing an additional 48,413 shares during the period. Barclays PLC owned approximately 0.30% of Fiserv worth $302,737,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its holdings in Fiserv by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 8,854 shares of the business services provider’s stock valued at $1,320,000 after purchasing an additional 336 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Fiserv by 3.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,616 shares of the business services provider’s stock valued at $2,029,000 after buying an additional 517 shares during the last quarter. M&G Plc grew its position in shares of Fiserv by 8.2% during the second quarter. M&G Plc now owns 68,073 shares of the business services provider’s stock worth $10,143,000 after buying an additional 5,151 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of Fiserv by 4.4% in the second quarter. NorthCrest Asset Manangement LLC now owns 33,441 shares of the business services provider’s stock worth $4,984,000 after buying an additional 1,395 shares during the last quarter. Finally, ORG Partners LLC increased its stake in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % 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. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research analyst reports. Barclays increased 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. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Stephens boosted their price objective on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Citigroup increased their target price on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.50.

Fiserv Trading Down 2.1 %

Shares of FI stock opened at $202.91 on Tuesday. Fiserv, Inc. has a 1 year low of $131.41 and a 1 year high of $223.23. The firm has a market capitalization of $115.44 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. The stock has a fifty day moving average of $204.15 and a two-hundred day moving average of $175.83. 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 (NYSE:FI) last posted its quarterly earnings data 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 business 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 company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.96 earnings per share. As a group, research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

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.