Consolidated Planning Corp Purchases 3,064 Shares of Fiserv, Inc. (NYSE:FI)

Consolidated Planning Corp lifted its position in Fiserv, Inc. (NYSE:FI) by 15.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 22,473 shares of the business services provider’s stock after buying an additional 3,064 shares during the period. Consolidated Planning Corp’s holdings in Fiserv were worth $4,037,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FI. Quent Capital LLC lifted its stake in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares in the last quarter. GSA Capital Partners LLP bought a new position in Fiserv during the 1st quarter worth about $493,000. Empowered Funds LLC raised its stake in shares of Fiserv by 18.6% in the 1st quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock valued at $1,219,000 after purchasing an additional 1,199 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Fiserv by 3.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,468 shares of the business services provider’s stock valued at $1,513,000 after purchasing an additional 305 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Fiserv by 3.8% during the first quarter. Oppenheimer & Co. Inc. now owns 5,801 shares of the business services provider’s stock worth $927,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $208.87 on Friday. Fiserv, Inc. has a 52-week low of $118.42 and a 52-week high of $211.98. The firm has a 50-day moving average of $185.93 and a 200-day moving average of $165.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $118.83 billion, a PE ratio of 40.17, a P/E/G ratio of 1.54 and a beta of 0.92.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.90 billion. During the same period in the prior year, the company 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 anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on FI shares. Citigroup boosted their target price on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. UBS Group boosted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Morgan Stanley lifted their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.25.

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.