Fiserv, Inc. (NYSE:FI) is Capital Investment Services of America Inc.’s 4th Largest Position

Capital Investment Services of America Inc. reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 246,274 shares of the business services provider’s stock after selling 12,687 shares during the period. Fiserv makes up approximately 4.2% of Capital Investment Services of America Inc.’s portfolio, making the stock its 4th largest position. Capital Investment Services of America Inc.’s holdings in Fiserv were worth $44,243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the first quarter worth $25,000. Family Firm Inc. acquired a new stake in Fiserv in the 2nd quarter valued at about $31,000. Clean Yield Group raised its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 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, Newbridge Financial Services Group Inc. increased its stake in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 0.2 %

NYSE FI traded down $0.41 on Monday, reaching $201.64. The company had a trading volume of 515,417 shares, compared to its average volume of 2,476,503. 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, Inc. has a 1 year low of $118.42 and a 1 year high of $204.50. The firm has a 50-day moving average of $183.87 and a 200-day moving average of $164.58. The firm has a market capitalization of $114.72 billion, a PE ratio of 38.86, a P/E/G ratio of 1.51 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business 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 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock worth $46,968,117 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FI. Morgan Stanley boosted their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays raised their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. William Blair upgraded Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, BTIG Research started coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $207.25.

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.