SkyView Investment Advisors LLC Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

SkyView Investment Advisors LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,275 shares of the business services provider’s stock after buying an additional 223 shares during the period. SkyView Investment Advisors LLC’s holdings in Fiserv were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FI. Invst LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $211,000. M&T Bank Corp lifted its stake in Fiserv by 12.0% in the 3rd quarter. M&T Bank Corp now owns 140,460 shares of the business services provider’s stock valued at $25,234,000 after buying an additional 15,103 shares in the last quarter. TCW Group Inc. boosted its holdings in Fiserv by 10.1% in the 3rd quarter. TCW Group Inc. now owns 739,690 shares of the business services provider’s stock worth $132,885,000 after buying an additional 68,144 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Fiserv by 2.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,280 shares of the business services provider’s stock worth $589,000 after buying an additional 74 shares in the last quarter. Finally, Fortem Financial Group LLC acquired a new stake in shares of Fiserv in the third quarter worth approximately $1,076,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the 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 sale, the chief accounting officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 1.2 %

FI stock opened at $203.96 on Thursday. Fiserv, Inc. has a twelve month low of $131.41 and a twelve month high of $223.23. The stock has a market cap of $116.04 billion, a P/E ratio of 39.22, a PEG ratio of 1.58 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $204.98 and its two-hundred day moving average is $176.39.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 return on equity of 17.10% and a net margin of 15.22%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, UBS Group boosted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $217.50.

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.