Goldstein Advisors LLC Has $311,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Goldstein Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,733 shares of the business services provider’s stock after selling 160 shares during the period. Goldstein Advisors LLC’s holdings in Fiserv were worth $311,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Waypoint Capital Advisors LLC boosted its stake in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% in 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 during the last quarter. Atwood & Palmer Inc. lifted its stake in Fiserv by 6.6% in the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 66 shares during the last quarter. Quent Capital LLC lifted its stake in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. Finally, Fielder Capital Group LLC lifted its stake in Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of Fiserv 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 completion of the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their ownership of the stock. 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 three months. 0.75% of the stock is owned by insiders.

Fiserv Stock Down 1.9 %

Shares of FI opened at $199.52 on Friday. Fiserv, Inc. has a 12 month low of $111.53 and a 12 month high of $204.50. The firm’s 50 day moving average is $180.68 and its 200-day moving average is $162.71. The stock has a market capitalization of $114.87 billion, a PE ratio of 38.37, a P/E/G ratio of 1.53 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 15.22% and a return on equity of 17.10%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FI shares. Morgan Stanley raised their target price on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Citigroup raised their target price on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their target price on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens raised their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.38.

Fiserv Company 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.