Fiserv, Inc. (NYSE:FI) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. decreased its stake in Fiserv, Inc. (NYSE:FI) by 50.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,487 shares of the business services provider’s stock after selling 1,519 shares during the period. Raleigh Capital Management Inc.’s holdings in Fiserv were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Waypoint Capital Advisors LLC raised its stake in shares of 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 buying an additional 51 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Fiserv by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 51 shares in the last quarter. Optas LLC raised its position in Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 57 shares in the last quarter. Finally, Central Valley Advisors LLC grew its position in shares of Fiserv by 0.5% in the fourth quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock valued at $2,326,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FI shares. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Stephens reaffirmed an “overweight” rating and set a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Tigress Financial raised their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Stock Down 1.5 %

FI stock opened at $206.35 on Friday. The stock has a market capitalization of $117.40 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The company has a 50-day moving average of $209.15 and a two-hundred day moving average of $188.28. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the firm earned $1.96 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

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.