Agate Pass Investment Management LLC Has $3.98 Million Position in Fiserv, Inc. (NYSE:FI)

Agate Pass Investment Management LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,152 shares of the business services provider’s stock after selling 1,172 shares during the quarter. Fiserv comprises approximately 2.0% of Agate Pass Investment Management LLC’s holdings, making the stock its 11th largest position. Agate Pass Investment Management LLC’s holdings in Fiserv were worth $3,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new position in Fiserv during the first quarter valued at about $2,359,000. ORG Partners LLC increased its holdings in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after buying an additional 3,197 shares during the period. ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the 1st quarter valued at $32,000. Park Place Capital Corp lifted its holdings in shares of Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after acquiring an additional 2,794 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after acquiring an additional 44,776 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

FI opened at $187.99 on Friday. The stock has a market cap of $108.23 billion, a P/E ratio of 32.52, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $188.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $172.14 and a 200 day simple moving average of $159.47.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the business posted $1.81 EPS. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FI shares. B. Riley lifted their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Barclays upped their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird lifted their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Oppenheimer initiated coverage on shares of Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $178.84.

Insider Transactions at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade 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. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock valued at $36,572,057 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv 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.