Fiserv, Inc. (NYSE:FI) Shares Acquired by Harrell Investment Partners LLC

Harrell Investment Partners LLC increased its position in shares of Fiserv, Inc. (NYSE:FI) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,297 shares of the business services provider’s stock after buying an additional 113 shares during the period. Harrell Investment Partners LLC’s holdings in Fiserv were worth $2,568,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new position in Fiserv in the first quarter valued at about $2,359,000. ORG Partners LLC boosted its stake in shares of Fiserv by 3,016.0% during 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 last quarter. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv during the first quarter worth approximately $32,000. Park Place Capital Corp increased its stake in shares of Fiserv by 66.3% in the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after buying an additional 2,794 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Fiserv by 377.3% in the first 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.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock valued at $32,855,417 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $183.00 price objective on shares of Fiserv in a report on Wednesday, October 2nd. B. Riley increased their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Oppenheimer assumed coverage on Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price for the company. Finally, Barclays raised their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.84.

Fiserv Stock Performance

Shares of NYSE:FI traded up $1.15 on Monday, hitting $191.50. The company’s stock had a trading volume of 218,118 shares, compared to its average volume of 2,440,747. The company has a market capitalization of $112.05 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $191.59. The stock’s 50-day moving average is $173.30 and its two-hundred day moving average is $159.91.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating 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%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.81 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current year.

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.