Cascade Investment Group Inc. Has $629,000 Holdings in Fiserv, Inc. (NYSE:FI)

Cascade Investment Group Inc. cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,503 shares of the business services provider’s stock after selling 280 shares during the period. Cascade Investment Group Inc.’s holdings in Fiserv were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FI. RDA Financial Network grew its stake in Fiserv by 3.7% in the third quarter. RDA Financial Network now owns 7,332 shares of the business services provider’s stock valued at $1,317,000 after acquiring an additional 262 shares during the period. Trust Co. of Oklahoma grew its stake in Fiserv by 0.3% in the third quarter. Trust Co. of Oklahoma now owns 22,324 shares of the business services provider’s stock valued at $4,011,000 after acquiring an additional 77 shares during the period. Swedbank AB grew its stake in Fiserv by 2.3% in the third quarter. Swedbank AB now owns 335,770 shares of the business services provider’s stock valued at $60,321,000 after acquiring an additional 7,603 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% in the third 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 in the last quarter. Finally, Birch Capital Management LLC lifted its holdings in shares of Fiserv by 2.7% in the third quarter. Birch Capital Management LLC now owns 22,018 shares of the business services provider’s stock valued at $3,956,000 after purchasing an additional 585 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the topic of a number of research reports. Morgan Stanley boosted their price target on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Keefe, Bruyette & Woods upped their target price on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. KeyCorp upped their target price on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.64.

Fiserv Trading Up 0.4 %

Shares of NYSE:FI opened at $194.02 on Wednesday. The company has a market capitalization of $113.52 billion, a P/E ratio of 36.27, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $195.83. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day simple moving average is $174.80 and its 200 day simple moving average is $160.39.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the company earned $1.81 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was 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 approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock worth $32,855,417 over the last three months. Insiders own 0.75% of the company’s stock.

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.