Compass Wealth Management LLC Cuts Stake in Fiserv, Inc. (NYSE:FI)

Compass Wealth Management LLC reduced its stake in Fiserv, Inc. (NYSE:FI) by 1.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 35,184 shares of the business services provider’s stock after selling 650 shares during the quarter. Fiserv accounts for approximately 1.5% of Compass Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Compass Wealth Management LLC’s holdings in Fiserv were worth $6,321,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC purchased a new stake in Fiserv during the first quarter valued at about $2,359,000. ORG Partners LLC lifted its holdings 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 in the last quarter. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv in the first quarter worth about $32,000. Park Place Capital Corp lifted its holdings in shares of Fiserv by 66.3% in the third 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 in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Fiserv by 377.3% in the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after buying an additional 44,776 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s 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 $27,005,424.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business’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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Down 0.0 %

Fiserv stock traded down $0.09 on Thursday, hitting $197.61. 1,354,093 shares of the stock traded hands, compared to its average volume of 2,450,330. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market cap of $115.62 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The business’s fifty day simple moving average is $175.63 and its 200 day simple moving average is $160.65. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $198.76.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on FI shares. Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. B. Riley upped their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. KeyCorp upped their price objective on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley upped their price objective on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Barclays upped their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.38.

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.