Fiserv, Inc. (NYSE:FI) Shares Acquired by Soros Capital Management LLC

Soros Capital Management LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 71.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 54,797 shares of the business services provider’s stock after buying an additional 22,884 shares during the quarter. Fiserv comprises about 2.4% of Soros Capital Management LLC’s holdings, making the stock its 21st biggest position. Soros Capital Management LLC’s holdings in Fiserv were worth $9,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Waypoint Capital Advisors LLC raised its position in Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares in the last quarter. Optas LLC raised its position in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Covestor Ltd raised its position in Fiserv by 7.6% in the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after acquiring an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. raised its position in Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup lifted their target price on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Tigress Financial lifted their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley lifted their target price on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv Price Performance

Shares of Fiserv stock opened at $222.45 on Wednesday. The firm has a fifty day simple moving average of $197.64 and a 200-day simple moving average of $171.95. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1-year low of $125.42 and a 1-year high of $223.23. The stock has a market capitalization of $126.56 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 1.70 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Fiserv’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is owned by company insiders.

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.