Caisse DE Depot ET Placement DU Quebec Purchases 165,849 Shares of Fiserv, Inc. (NYSE:FI)

Caisse DE Depot ET Placement DU Quebec increased its position in Fiserv, Inc. (NYSE:FI) by 43.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 547,145 shares of the business services provider’s stock after acquiring an additional 165,849 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Fiserv were worth $98,295,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Soros Capital Management LLC raised its position in shares of Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the last quarter. ORG Partners LLC increased its holdings in Fiserv by 3,016.0% in the second 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 in the last quarter. Maxwell Wealth Strategies Inc. increased its stake in shares of Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after acquiring an additional 2,869 shares in the last quarter. Park Place Capital Corp raised its holdings in shares of Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the period. Finally, Radnor Capital Management LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $1,543,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Fiserv stock opened at $220.96 on Friday. The company has a market cap of $125.71 billion, a PE ratio of 42.49, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $128.43 and a twelve month high of $223.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $200.25 and its 200-day moving average price is $173.23.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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 analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.96 earnings per share. On average, equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen lifted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. BTIG Research started coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Finally, Morgan Stanley raised their price objective 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. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on 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 owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by company insiders.

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.