Forte Capital LLC ADV Has $524,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Forte Capital LLC ADV lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,917 shares of the business services provider’s stock after selling 130 shares during the period. Forte Capital LLC ADV’s holdings in Fiserv were worth $524,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of FI. Two Point Capital Management Inc. raised its position in Fiserv by 1.2% in the third quarter. Two Point Capital Management Inc. now owns 50,611 shares of the business services provider’s stock valued at $9,092,000 after purchasing an additional 590 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Fiserv by 9.8% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,342 shares of the business services provider’s stock worth $2,217,000 after acquiring an additional 1,105 shares during the last quarter. Maia Wealth LLC increased its position in Fiserv by 13.6% in the 3rd quarter. Maia Wealth LLC now owns 6,657 shares of the business services provider’s stock valued at $1,196,000 after acquiring an additional 799 shares during the period. Radnor Capital Management LLC bought a new position in shares of Fiserv during the third quarter valued at $1,543,000. Finally, 1834 Investment Advisors Co. acquired a new position in shares of Fiserv during the third quarter worth $310,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FI shares. Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. William Blair upgraded Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Insiders Place Their Bets

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. 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 have sold 257,890 shares of company stock worth $46,968,117. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.87 on Friday. The firm’s 50 day moving average price is $185.93 and its 200-day moving average price is $165.66. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $118.83 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $118.42 and a twelve month high of $211.98.

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

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.