Harbour Investments Inc. Raises Stock Position in Fiserv, Inc. (NYSE:FI)

Harbour Investments Inc. lifted its stake in Fiserv, Inc. (NYSE:FI) by 0.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,064 shares of the business services provider’s stock after acquiring an additional 75 shares during the period. Harbour Investments Inc.’s holdings in Fiserv were worth $1,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Venturi Wealth Management LLC grew its holdings in shares of Fiserv by 1.9% during the third quarter. Venturi Wealth Management LLC now owns 80,587 shares of the business services provider’s stock worth $14,477,000 after purchasing an additional 1,467 shares during the last quarter. Jag Capital Management LLC grew its stake in Fiserv by 1.9% during the 3rd quarter. Jag Capital Management LLC now owns 24,924 shares of the business services provider’s stock worth $4,478,000 after buying an additional 462 shares during the last quarter. GDS Wealth Management increased its position in Fiserv by 9.7% during the third quarter. GDS Wealth Management now owns 72,506 shares of the business services provider’s stock worth $13,026,000 after buying an additional 6,417 shares during the period. Kennebec Savings Bank purchased a new stake in Fiserv in the third quarter valued at approximately $40,000. Finally, Ashton Thomas Securities LLC boosted its holdings in shares of Fiserv by 8.7% in the third quarter. Ashton Thomas Securities LLC now owns 27,259 shares of the business services provider’s stock valued at $4,897,000 after acquiring an additional 2,186 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’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 transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 233,890 shares of company stock valued at $43,008,837 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FI shares. Susquehanna lifted their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Stephens lifted their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. KeyCorp increased their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley increased their price objective on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Stock Down 0.4 %

FI stock opened at $213.18 on Thursday. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $121.28 billion, a P/E ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92. The company’s 50-day moving average price is $188.98 and its 200 day moving average price is $167.41.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. On average, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.