Comprehensive Financial Consultants Institutional Inc. Has $2.43 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Comprehensive Financial Consultants Institutional Inc. grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,537 shares of the business services provider’s stock after purchasing an additional 67 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Fiserv were worth $2,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FI. Portside Wealth Group LLC increased its holdings in Fiserv by 12.4% during the third quarter. Portside Wealth Group LLC now owns 1,763 shares of the business services provider’s stock worth $317,000 after buying an additional 195 shares during the last quarter. Consolidated Planning Corp raised its holdings in shares of Fiserv by 15.8% in the 3rd quarter. Consolidated Planning Corp now owns 22,473 shares of the business services provider’s stock valued at $4,037,000 after purchasing an additional 3,064 shares during the period. JB Capital LLC lifted its stake in Fiserv by 1.5% in the 3rd quarter. JB Capital LLC now owns 24,323 shares of the business services provider’s stock valued at $4,370,000 after purchasing an additional 356 shares during the last quarter. Olstein Capital Management L.P. grew its holdings in Fiserv by 30.8% during the third quarter. Olstein Capital Management L.P. now owns 17,000 shares of the business services provider’s stock worth $3,054,000 after purchasing an additional 4,000 shares during the period. Finally, Advisor Resource Council acquired a new position in Fiserv during the third quarter worth approximately $607,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group boosted their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Mizuho increased 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. Jefferies Financial Group lifted their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Stephens increased their price target on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Transactions at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fiserv news, Director Heidi Miller sold 30,000 shares of the 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 transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated 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 sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

Shares of NYSE:FI opened at $208.87 on Friday. The company’s 50 day simple moving average is $185.93 and its 200 day simple moving average is $165.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 1 year low of $118.42 and a 1 year high of $211.98. The stock has a market capitalization of $118.83 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its quarterly 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 company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 EPS. As a group, research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.