Fiserv, Inc. (NYSE:FI) Shares Purchased by Park Place Capital Corp

Park Place Capital Corp raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 88.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,920 shares of the business services provider’s stock after buying an additional 1,374 shares during the period. Park Place Capital Corp’s holdings in Fiserv were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Federated Hermes Inc. grew its position in shares of Fiserv by 67.3% during the third quarter. Federated Hermes Inc. now owns 8,173 shares of the business services provider’s stock worth $923,000 after acquiring an additional 3,288 shares during the last quarter. Ancora Advisors LLC lifted its holdings in Fiserv by 2,205.9% in the third quarter. Ancora Advisors LLC now owns 392 shares of the business services provider’s stock worth $44,000 after purchasing an additional 375 shares during the period. Rehmann Capital Advisory Group lifted its holdings in Fiserv by 2.7% in the third quarter. Rehmann Capital Advisory Group now owns 5,759 shares of the business services provider’s stock worth $651,000 after purchasing an additional 150 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in Fiserv by 312.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 127,543 shares of the business services provider’s stock worth $14,407,000 after purchasing an additional 96,646 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Fiserv by 41.8% in the third quarter. AQR Capital Management LLC now owns 404,868 shares of the business services provider’s stock worth $45,734,000 after purchasing an additional 119,439 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. KeyCorp upped their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. UBS Group upped their price objective on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. BMO Capital Markets upped their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. TD Cowen upped their price target on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.44.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock valued at $7,611,991 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Down 1.3 %

NYSE:FI opened at $147.13 on Tuesday. The stock’s 50 day moving average price is $150.81 and its 200 day moving average price is $147.18. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a market capitalization of $86.08 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

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.