Cross Staff Investments Inc Makes New $216,000 Investment in Fiserv, Inc. (NYSE:FI)

Cross Staff Investments Inc acquired a new stake in Fiserv, Inc. (NYSE:FI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,200 shares of the business services provider’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Waypoint Capital Advisors LLC increased its holdings in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Atwood & Palmer Inc. boosted its stake in Fiserv by 6.6% during the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after buying an additional 66 shares during the period. Quent Capital LLC grew its position in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after buying an additional 68 shares in the last quarter. Finally, Fielder Capital Group LLC increased its stake in Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.4 %

NYSE FI opened at $203.26 on Friday. The stock has a market cap of $118.93 billion, a P/E ratio of 37.99, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $111.53 and a fifty-two week high of $204.50. The stock has a 50 day simple moving average of $179.29 and a two-hundred day simple moving average of $162.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 earnings per share. On average, analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup boosted their price objective on Fiserv from $187.00 to $226.00 in a report on Tuesday. KeyCorp increased their price target on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird lifted their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Oppenheimer began coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $202.08.

Insider Transactions at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This 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 can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,890 shares of company stock valued at $40,934,217. Company 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.