Dudley & Shanley Inc. Has $36.09 Million Stake in Fiserv, Inc. (NYSE:FI)

Dudley & Shanley Inc. decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.6% during the third quarter, HoldingsChannel reports. The firm owned 200,866 shares of the business services provider’s stock after selling 3,275 shares during the quarter. Fiserv accounts for approximately 5.6% of Dudley & Shanley Inc.’s holdings, making the stock its 2nd biggest position. Dudley & Shanley Inc.’s holdings in Fiserv were worth $36,086,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Soros Capital Management LLC increased its position in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares in the last quarter. Chiron Investment Management LLC purchased a new position in shares of Fiserv in the 3rd quarter worth about $4,709,000. Maxwell Wealth Strategies Inc. boosted its stake in Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after purchasing an additional 2,869 shares in the last quarter. Park Place Capital Corp grew its position in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Fiserv by 12.0% in the third quarter. M&T Bank Corp now owns 140,460 shares of the business services provider’s stock worth $25,234,000 after buying an additional 15,103 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FI. BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. KeyCorp lifted their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their target price on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Oppenheimer upped their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $222.88.

Insider Buying and Selling

In other news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is owned by company insiders.

Fiserv Stock Up 0.3 %

NYSE FI traded up $0.66 on Monday, hitting $206.71. The stock had a trading volume of 1,561,041 shares, compared to its average volume of 2,556,804. The business’s fifty day moving average price is $207.37 and its 200 day moving average price is $179.30. The stock has a market cap of $117.60 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 52-week low of $131.41 and a 52-week high of $223.23.

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