Arcataur Capital Management LLC Trims Stake in Fiserv, Inc. (NYSE:FI)

Arcataur Capital Management LLC decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 28.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,363 shares of the business services provider's stock after selling 2,491 shares during the period. Arcataur Capital Management LLC's holdings in Fiserv were worth $1,143,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $2,359,000. ORG Partners LLC increased its stake in shares of Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider's stock worth $486,000 after purchasing an additional 3,197 shares during the last quarter. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $32,000. Park Place Capital Corp increased its stake in shares of Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider's stock worth $1,259,000 after purchasing an additional 2,794 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock worth $9,047,000 after purchasing an additional 44,776 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the business's stock in a transaction dated 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 in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,890 shares of company stock worth $40,934,217. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 0.4 %

Fiserv stock traded up $0.90 during mid-day trading on Thursday, hitting $203.26. The company's stock had a trading volume of 2,032,723 shares, compared to its average volume of 2,482,592. 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 stock has a market cap of $118.93 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The business has a 50 day moving average price of $179.29 and a 200-day moving average price of $162.09. Fiserv, Inc. has a 12 month low of $111.53 and a 12 month high of $204.50.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. 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. As a group, analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current year.

Wall Street Analysts Forecast Growth

FI has been the subject of several research analyst reports. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday. Stephens lifted their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. BMO Capital Markets lifted their price objective on shares of Fiserv from $175.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $202.08.

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.