Quest Partners LLC Purchases 728 Shares of Fiserv, Inc. (NYSE:FI)

Quest Partners LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 72,800.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 729 shares of the business services provider’s stock after acquiring an additional 728 shares during the period. Quest Partners LLC’s holdings in Fiserv were worth $131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maj Invest Holding A S bought a new stake in Fiserv during the 3rd quarter valued at about $172,993,000. Manning & Napier Advisors LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at about $105,031,000. Mizuho Securities USA LLC lifted its position in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. American Century Companies Inc. grew its position in Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after purchasing an additional 471,531 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Fiserv by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after buying an additional 225,159 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of a number of research reports. Compass Point started coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. TD Cowen raised their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Mizuho lifted their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.29.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were 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 $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock valued at $44,299,745 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $220.59 on Friday. The company has a market capitalization of $125.50 billion, a P/E ratio of 42.42, a P/E/G ratio of 1.70 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52 week low of $126.68 and a 52 week high of $223.23. The stock’s fifty day moving average is $199.38 and its two-hundred day moving average is $172.62.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted $1.96 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current 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.