Raleigh Capital Management Inc. Has $540,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Raleigh Capital Management Inc. raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.6% in the third quarter, Holdings Channel reports. The institutional investor owned 3,006 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Fiserv were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Norden Group LLC acquired a new stake in shares of Fiserv during the 1st quarter worth approximately $2,359,000. ORG Partners LLC boosted its stake in Fiserv by 3,016.0% during 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 acquired a new position in shares of Fiserv in the 1st quarter valued at $32,000. Park Place Capital Corp raised its stake 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 valued at $1,259,000 after acquiring an additional 2,794 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after acquiring an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.1 %

Shares of Fiserv stock opened at $197.15 on Tuesday. The stock has a market cap of $115.35 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $198.86. The business’s 50 day moving average is $177.77 and its 200-day moving average is $161.51.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.81 EPS. Equities research analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Wells Fargo & Company raised their target price on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.92.

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.