Harbour Investments Inc. Acquires 75 Shares of Fiserv, Inc. (NYSE:FI)

Harbour Investments Inc. lifted its holdings in Fiserv, Inc. (NYSE:FI) by 0.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,064 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. Harbour Investments Inc.’s holdings in Fiserv were worth $1,808,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after acquiring an additional 1,306,901 shares during the last quarter. Capital World Investors lifted its stake in Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S bought a new position in Fiserv during the 3rd quarter worth about $172,993,000. Manning & Napier Advisors LLC acquired a new stake in Fiserv in the 2nd quarter valued at approximately $105,031,000. Finally, American Century Companies Inc. boosted its position in Fiserv by 1,642.5% during the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after acquiring an additional 471,531 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FI opened at $213.18 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $121.28 billion, a PE ratio of 41.00, a price-to-earnings-growth ratio of 1.64 and a beta of 0.92. The business has a fifty day simple moving average of $188.98 and a 200 day simple moving average of $167.41. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50.

Fiserv (NYSE:FI) last released 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. Research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Doyle Simons sold 40,000 shares of the company’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 completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 233,890 shares of company stock worth $43,008,837. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FI. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Jefferies Financial Group boosted their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Stephens raised 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. KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, B. Riley boosted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $207.25.

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.