Catalina Capital Group LLC Raises Position in Fiserv, Inc. (NYSE:FI)

Catalina Capital Group LLC boosted its stake in Fiserv, Inc. (NYSE:FI) by 9.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,928 shares of the business services provider’s stock after buying an additional 162 shares during the quarter. Catalina Capital Group LLC’s holdings in Fiserv were worth $287,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cooper Financial Group increased its stake in shares of Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares during the period. Quent Capital LLC raised its holdings in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. Andina Capital Management LLC lifted its position in shares of Fiserv by 3.1% in the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after purchasing an additional 70 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Fiserv by 0.8% during the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock valued at $1,563,000 after purchasing an additional 73 shares in the last quarter. Finally, BSW Wealth Partners boosted its stake in shares of Fiserv by 2.8% during the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 76 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

NYSE FI traded up $1.02 during trading hours on Friday, hitting $169.81. The company’s stock had a trading volume of 2,428,348 shares, compared to its average volume of 2,497,019. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $169.97. The company’s 50 day simple moving average is $156.72 and its two-hundred day simple moving average is $153.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $99.36 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.81 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on FI shares. KeyCorp raised their price objective on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods increased their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $173.25.

Insider Buying and Selling at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,690 shares of company stock worth $14,833,215. 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.