Castleview Partners LLC Acquires 82 Shares of Fiserv, Inc. (NYSE:FI)

Castleview Partners LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,566 shares of the business services provider’s stock after buying an additional 82 shares during the period. Castleview Partners LLC’s holdings in Fiserv were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norden Group LLC bought a new position in shares of Fiserv in the 1st quarter worth approximately $2,359,000. ORG Partners LLC lifted its position in Fiserv by 3,016.0% during the second 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 period. ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $32,000. Park Place Capital Corp grew its position in shares of Fiserv by 66.3% in the 3rd 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 period. Finally, Acadian Asset Management LLC increased its stake in shares of Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after acquiring an additional 44,776 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock worth $32,855,417 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI traded down $0.94 on Monday, hitting $196.35. The stock had a trading volume of 935,859 shares, compared to its average volume of 2,459,354. The business’s 50-day simple moving average is $177.05 and its two-hundred day simple moving average is $161.21. The stock has a market cap of $114.88 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $198.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the firm posted $1.81 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on FI. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Morgan Stanley raised their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $183.00 target price on shares of Fiserv in a research note on Wednesday, October 2nd. Finally, KeyCorp lifted their price target on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $187.92.

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.