Fiserv, Inc. (NYSE:FI) Stock Holdings Reduced by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co reduced its position in Fiserv, Inc. (NYSE:FI) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,297 shares of the business services provider’s stock after selling 925 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Fiserv were worth $1,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Norden Group LLC bought a new stake in Fiserv in the first quarter worth $2,359,000. 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. ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the 1st quarter valued at about $32,000. Park Place Capital Corp raised its stake in shares of Fiserv by 66.3% in the 3rd 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 in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after purchasing an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FI has been the topic of several analyst reports. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.08.

Fiserv Price Performance

NYSE:FI traded up $1.70 during trading hours on Thursday, reaching $204.06. The company had a trading volume of 358,895 shares, compared to its average volume of 2,474,218. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $179.29 and a two-hundred day moving average of $162.09. Fiserv, Inc. has a one year low of $111.53 and a one year high of $204.43. The firm has a market capitalization of $119.40 billion, a PE ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its earnings results 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 for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. Analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Transactions at Fiserv

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 directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,890 shares of company stock valued at $32,855,417. Corporate insiders own 0.75% of the company’s stock.

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.