Plato Investment Management Ltd Has $3.86 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Plato Investment Management Ltd raised its stake in Fiserv, Inc. (NYSE:FI) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,490 shares of the business services provider’s stock after buying an additional 779 shares during the quarter. Plato Investment Management Ltd’s holdings in Fiserv were worth $3,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the first quarter worth about $25,000. Clean Yield Group lifted its position in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Family Firm Inc. bought a new position in Fiserv in the second quarter valued at $31,000. Finally, Kennebec Savings Bank bought a new stake in Fiserv during the 3rd quarter worth about $40,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.4 %

Shares of FI opened at $213.18 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 52-week low of $121.86 and a 52-week high of $215.50. The firm has a market cap of $121.28 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 1.64 and a beta of 0.92. The business’s fifty day moving average is $188.98 and its 200-day moving average is $167.41.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. Equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fiserv news, 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 transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the firm’s 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 transaction, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 233,890 shares of company stock valued at $43,008,837. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FI shares. BMO Capital Markets boosted their price target on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Mizuho lifted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group upped their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer started coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. Finally, Royal Bank of Canada lifted their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.25.

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.