Peapack Gladstone Financial Corp Has $10.40 Million Position in Fiserv, Inc. (NYSE:FI)

Peapack Gladstone Financial Corp lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 12.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,874 shares of the business services provider's stock after selling 8,198 shares during the period. Peapack Gladstone Financial Corp's holdings in Fiserv were worth $10,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Soros Capital Management LLC grew its position in Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in Fiserv during the 3rd quarter valued at $4,709,000. Maxwell Wealth Strategies Inc. increased its stake in Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider's stock worth $2,696,000 after buying an additional 2,869 shares during the period. Park Place Capital Corp boosted its position in Fiserv by 66.3% in the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider's stock valued at $1,259,000 after buying an additional 2,794 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new position in Fiserv in the 3rd quarter valued at about $1,543,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Fiserv from $225.00 to $238.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company increased their target price on Fiserv from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Susquehanna lifted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, October 18th. TD Cowen increased 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, October 23rd. Finally, Compass Point assumed coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a "buy" rating and a $278.00 target price for the company. Four equities research 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. Based on data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $217.50.

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of Fiserv 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 transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the 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 represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock valued at $44,299,745 over the last three months. Insiders own 0.75% of the company's stock.

Fiserv Price Performance

Shares of FI traded down $0.19 during mid-day trading on Friday, hitting $204.66. The company's stock had a trading volume of 2,536,167 shares, compared to its average volume of 2,530,050. 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 firm has a 50-day moving average price of $205.80 and a 200 day moving average price of $176.96. Fiserv, Inc. has a fifty-two week low of $131.41 and a fifty-two week high of $223.23. The stock has a market capitalization of $116.43 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 1.56 and a beta of 0.93.

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 (EPS) for the quarter, topping 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 firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.