Consolidated Planning Corp Increases Fiserv Holdings

Consolidated Planning Corp has increased its holdings in Fiserv, Inc. (NYSE:FI) by 15.8% during the third quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). After purchasing an additional 3,064 shares during the period, the fund now owns 22,473 shares of Fiserv's stock, which were valued at approximately $4,037,000 by the end of the most recent reporting period.

Institutional Interest in Fiserv

Several other institutional investors have also adjusted their positions in Fiserv. For instance, Waypoint Capital Advisors LLC increased its stake by 1.7%, bringing its total to 3,118 shares worth $560,000 after acquiring 51 more shares. Similarly, Optas LLC has grown its position by 1.7% to 3,216 shares valued at $578,000 after buying an additional 54 shares. Cedar Mountain Advisors LLC notably raised its holdings by 42.5%, owning 191 shares worth $34,000 after an increase of 57 shares. West Bancorporation Inc. and Atwood & Palmer Inc. also raised their stakes by 3.8% and 6.6%, respectively. As a result, a significant 90.98% of Fiserv's stock is held by institutional investors.

Current Stock Performance

As of last Friday, Fiserv's shares opened at $208.87. The company has experienced a one-year low of $118.42 and a high of $211.98, giving it a market capitalization of $118.83 billion. Fiserv's price-to-earnings (PE) ratio stands at 40.17, with a price-to-earnings growth (PEG) ratio of 1.54. Other financial ratios include a current ratio of 1.07, a quick ratio of 1.07, and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $185.93 and a 200-day moving average of $165.66.

Earnings Report Highlights

Fiserv recently released its quarterly earnings results on October 22nd, reporting earnings per share of $2.30. This figure surpassed analysts' estimates of $2.26, beating expectations by $0.04. The company posted a net margin of 15.22% and a return on equity of 17.10%. The revenue reported was $5.22 billion, exceeding analyst expectations of $4.90 billion, marking a 7.0% increase compared to the same quarter last year.

Analyst Ratings and Future Outlook

Various analysts have shared their opinions on Fiserv. B. Riley raised its price target from $180.00 to $185.00 while maintaining a "buy" rating. Royal Bank of Canada increased its target price from $183.00 to $224.00, assigning an "outperform" rating. Other firms, including Goldman Sachs Group and BMO Capital Markets, have also adjusted their ratings and price targets positively. Currently, Fiserv holds an average rating of "Moderate Buy" with an average price target of $207.25.

Insider Trading Activity

In recent insider transactions, Director Heidi Miller sold 30,000 shares on October 30th for an average price of $201.13, totaling $6,033,900. Following this sale, she holds 33,235 shares valued at approximately $6,684,555. Similarly, CEO Frank Bisignano sold 145,000 shares on September 20th at an average price of $177.37, which netted him $25,718,650. Insider transactions have amounted to total sales of 257,890 shares worth $46,968,117 over the last three months, with insiders owning about 0.75% of the stock.

About Fiserv, Inc.

Fiserv, Inc., along with its subsidiaries, offers payments and financial services technology across various regions, including the United States, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific. It operates in segments such as Merchant Acceptance, Financial Technology, and Payments and Network.

Fiserv, Investors, Stock