Cardinal Point Capital Management ULC Takes Position in Fiserv, Inc. (NYSE:FI)

Cardinal Point Capital Management ULC acquired a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,255 shares of the business services provider’s stock, valued at approximately $258,000.

Several other large investors have also recently bought and sold shares of the company. FMR LLC grew its position in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Fiserv by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after acquiring an additional 64,332 shares during the period. Legal & General Group Plc grew its holdings in Fiserv by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after acquiring an additional 85,598 shares during the period. Sanders Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at $764,543,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Fiserv by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after purchasing an additional 225,159 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $201.63 on Tuesday. The stock has a market capitalization of $114.71 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $135.97 and a 12 month high of $223.23. The firm has a fifty day simple moving average of $209.66 and a 200 day simple moving average of $185.68. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. Research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Compass Point assumed coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target for the company. Tigress Financial increased their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Barclays boosted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Three 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

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.