Arcataur Capital Management LLC Sells 2,491 Shares of Fiserv, Inc. (NYSE:FI)

Arcataur Capital Management LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 28.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,363 shares of the business services provider’s stock after selling 2,491 shares during the period. Arcataur Capital Management LLC’s holdings in Fiserv were worth $1,143,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the first quarter valued at about $25,000. Clean Yield Group lifted its stake in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. ZRC Wealth Management LLC bought a new position in Fiserv during the first quarter worth about $32,000. Finally, Family Firm Inc. acquired a new stake in shares of Fiserv during the second quarter worth approximately $31,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. UBS Group raised their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. KeyCorp raised their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group raised their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.08.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Guy Chiarello sold 24,000 shares of the business’s 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s 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 owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,890 shares of company stock worth $32,855,417. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.7 %

FI traded up $1.45 during trading on Thursday, hitting $203.81. The company had a trading volume of 227,265 shares, compared to its average volume of 2,473,827. The company has a market capitalization of $119.25 billion, a PE ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a one year low of $111.53 and a one year high of $204.09. The firm’s 50-day moving average price is $179.29 and its 200 day moving average price is $162.09. 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 Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate 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 net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current 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.