Freestone Capital Holdings LLC Has $868,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Freestone Capital Holdings LLC lessened its holdings in Fiserv, Inc. (NYSE:FI) by 11.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,677 shares of the business services provider’s stock after selling 994 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Fiserv were worth $868,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FI. ST Germain D J Co. Inc. boosted its holdings in shares of Fiserv by 8.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 4,794 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 354 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of Fiserv by 71.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 128 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Fiserv during the 4th quarter valued at $30,000. Dark Forest Capital Management LP acquired a new stake in shares of Fiserv during the 1st quarter valued at $32,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Fiserv during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 89.69% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Fiserv from $133.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Susquehanna raised their price objective on Fiserv from $140.00 to $170.00 in a report on Thursday, July 27th. Argus raised their target price on Fiserv from $140.00 to $150.00 in a research report on Thursday, July 27th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group raised their target price on Fiserv from $120.00 to $130.00 in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $138.90.

Fiserv Stock Performance

FI stock opened at $121.60 on Monday. The stock has a 50-day moving average price of $124.70 and a 200-day moving average price of $119.22. Fiserv, Inc. has a 1-year low of $91.55 and a 1-year high of $130.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.74. The firm has a market cap of $74.13 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.81 EPS for the quarter, meeting analysts’ consensus estimates of $1.81. Fiserv had a return on equity of 14.15% and a net margin of 13.60%. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Fiserv, Inc. will post 7.44 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 6,750 shares of Fiserv stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $121.92, for a total transaction of $822,960.00. Following the completion of the transaction, the chief operating officer now owns 167,106 shares in the company, valued at approximately $20,373,563.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 20,250 shares of company stock worth $2,512,688. Insiders own 18.20% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.