DekaBank Deutsche Girozentrale raised its stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 13.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,495 shares of the business services provider’s stock after buying an additional 43,669 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fiserv were worth $68,220,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Shields & Co. LLC purchased a new position in Fiserv during the first quarter valued at approximately $25,000. Clean Yield Group boosted its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. ZRC Wealth Management LLC bought a new position in shares of Fiserv in the first quarter worth $32,000. Finally, Family Firm Inc. purchased a new stake in shares of Fiserv in the second quarter worth $31,000. 90.98% of the stock is currently owned by institutional investors.
Fiserv Stock Down 1.9 %
FI stock opened at $199.52 on Monday. Fiserv, Inc. has a fifty-two week low of $111.53 and a fifty-two week high of $204.50. The company has a market capitalization of $114.87 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The business’s 50 day moving average price is $180.68 and its two-hundred day moving average price is $162.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07.
Insider Buying and Selling
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 shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,890 shares of company stock valued at $40,934,217 over the last quarter. Corporate insiders own 0.75% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on FI. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Morgan Stanley upped their target price on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. UBS Group increased their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group boosted their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, B. Riley raised their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $204.38.
Get Our Latest Research Report on FI
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.
Further Reading
- Five stocks we like better than Fiserv
- What Are Growth Stocks and Investing in Them
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Business Services Stocks Investing
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FI – Free Report).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.