Soros Capital Management LLC Acquires 22,884 Shares of Fiserv, Inc. (NYSE:FI)

Soros Capital Management LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 71.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,797 shares of the business services provider's stock after acquiring an additional 22,884 shares during the quarter. Fiserv makes up approximately 2.4% of Soros Capital Management LLC's portfolio, making the stock its 21st largest holding. Soros Capital Management LLC's holdings in Fiserv were worth $9,844,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC bought a new stake in Fiserv during the 1st quarter valued at approximately $25,000. Clean Yield Group boosted its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after buying an additional 57 shares during the last quarter. Family Firm Inc. bought a new position in Fiserv in the 2nd quarter valued at $31,000. Finally, Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter valued at $40,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.6 %

Shares of NYSE:FI traded down $1.26 during midday trading on Wednesday, hitting $221.19. 886,596 shares of the company's stock were exchanged, compared to its average volume of 2,478,970. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day moving average price of $197.64 and a 200-day moving average price of $171.95. The company has a market cap of $125.84 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. Fiserv, Inc. has a 12 month low of $126.68 and a 12 month high of $223.23.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on FI. Tigress Financial raised their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Mizuho boosted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Stephens upped their price objective on Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. The Goldman Sachs Group increased their price target on Fiserv from $188.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a "buy" rating and a $200.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $214.29.

Insiders Place Their Bets

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company's stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company's stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,821 shares of company stock valued at $44,299,745. Corporate insiders own 0.75% of the company's stock.

Fiserv Company 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.