Fiserv, Inc. (NYSE:FI) is Core Alternative Capital’s 10th Largest Position

Core Alternative Capital reduced its position in Fiserv, Inc. (NYSE:FI) by 18.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 38,423 shares of the business services provider’s stock after selling 8,671 shares during the quarter. Fiserv makes up about 2.0% of Core Alternative Capital’s holdings, making the stock its 10th largest holding. Core Alternative Capital’s holdings in Fiserv were worth $8,485,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock worth $2,435,280,000 after acquiring an additional 218,833 shares in the last quarter. FMR LLC grew its stake in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Fiserv by 16.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock valued at $1,649,705,000 after purchasing an additional 1,121,597 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Fiserv by 5.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock worth $1,424,907,000 after purchasing an additional 340,938 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $1,406,452,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on FI shares. Jefferies Financial Group lowered their price objective on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. Robert W. Baird lowered their price target on shares of Fiserv from $250.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, June 18th. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Citigroup lowered their target price on Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, The Goldman Sachs Group dropped their target price on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $221.23.

Fiserv Trading Up 1.8%

NYSE:FI opened at $175.55 on Friday. The company’s 50 day moving average is $170.83 and its 200-day moving average is $199.47. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The firm has a market cap of $97.33 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.08 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president owned 25,385 shares of the company’s stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider owned 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.74% 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.