Comprehensive Financial Consultants Institutional Inc. Has $2.43 Million Stake in Fiserv, Inc. (NYSE:FI)

Comprehensive Financial Consultants Institutional Inc. increased its position in shares of Fiserv, Inc. (NYSE:FI) by 0.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,537 shares of the business services provider’s stock after buying an additional 67 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Fiserv were worth $2,432,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. 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 during the period. GSA Capital Partners LLP bought a new position in Fiserv during the first quarter worth $493,000. Empowered Funds LLC grew its holdings in Fiserv by 18.6% in the first quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock worth $1,219,000 after purchasing an additional 1,199 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in 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. raised its holdings 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 valued at $927,000 after purchasing an additional 211 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Oppenheimer initiated coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 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 report on Tuesday, October 15th. Finally, UBS Group upped their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Fiserv Stock Down 1.1 %

FI stock opened at $208.87 on Friday. The stock has a market cap of $118.83 billion, a P/E ratio of 40.17, a P/E/G ratio of 1.54 and a beta of 0.92. 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 stock’s fifty day simple moving average is $185.93 and its two-hundred day simple moving average is $165.66. Fiserv, Inc. has a 1-year low of $118.42 and a 1-year high of $211.98.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm earned $1.96 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock valued at $46,968,117 in the last three months. Company 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.