Graypoint LLC Has $5.49 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Graypoint LLC cut its holdings in Fiserv, Inc. (NYSE:FI) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,735 shares of the business services provider’s stock after selling 342 shares during the quarter. Graypoint LLC’s holdings in Fiserv were worth $5,492,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FI shares. UBS Group upped their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Oppenheimer upped their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their target price on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Fiserv Stock Performance

FI stock traded down $4.72 during midday trading on Friday, reaching $200.51. 3,109,499 shares of the company were exchanged, compared to its average volume of 2,281,176. Fiserv, Inc. has a one year low of $135.13 and a one year high of $223.23. The firm has a market capitalization of $114.07 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The business has a 50-day moving average price of $209.68 and a two-hundred day moving average price of $184.46. 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 (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 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 analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 EPS. Equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling

In related news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

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.