Core Alternative Capital Sells 7,616 Shares of Fiserv, Inc. (NYSE:FI)

Core Alternative Capital decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 12.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,057 shares of the business services provider’s stock after selling 7,616 shares during the period. Fiserv makes up about 1.6% of Core Alternative Capital’s investment portfolio, making the stock its 19th largest position. Core Alternative Capital’s holdings in Fiserv were worth $8,206,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FI. Price T Rowe Associates Inc. MD grew its position in Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after acquiring an additional 417,459 shares during the last quarter. Capital World Investors grew its holdings in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares during the last quarter. Massachusetts Financial Services Co. MA lifted 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 valued at $1,069,204,000 after buying an additional 64,332 shares in the last quarter. Veritas Asset Management LLP bought a new position in Fiserv in the 4th quarter worth about $927,298,000. Finally, Northern Trust Corp purchased a new position in shares of Fiserv during the fourth quarter worth approximately $784,200,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FI shares. BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. TD Cowen raised their price target on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, B. Riley increased their target price on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Five equities 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.88.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. The disclosure for this sale can be found here. Insiders have sold a total of 211,890 shares of company stock valued at $36,572,057 in the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Up 0.6 %

Shares of FI stock opened at $178.38 on Monday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $179.53. The stock has a market cap of $104.37 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.45 and a beta of 0.93. The stock has a 50 day moving average of $168.33 and a 200 day moving average of $157.79. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 EPS. As a group, sell-side analysts expect 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.