Savvy Advisors Inc. Acquires New Shares in Fiserv, Inc. (NYSE:FI)

Savvy Advisors Inc. bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 1,324 shares of the business services provider’s stock, valued at approximately $238,000.

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its stake in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 3,197 shares during the last quarter. Park Place Capital Corp increased its holdings in shares of Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after buying an additional 2,794 shares in the last quarter. Radnor Capital Management LLC bought a new position in shares of Fiserv in the 3rd quarter valued at $1,543,000. Acadian Asset Management LLC boosted its holdings in shares of Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after acquiring an additional 44,776 shares in the last quarter. Finally, BDF Gestion bought a new stake in Fiserv during the 2nd quarter worth $2,981,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. 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 three months, insiders have sold 233,890 shares of company stock valued at $43,008,837. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $213.18 on Thursday. The business has a 50-day simple moving average of $188.98 and a 200 day simple moving average of $167.41. The firm has a market capitalization 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 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 one year low of $121.86 and a one year high of $215.50.

Fiserv (NYSE:FI) last issued its earnings results 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 return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FI. Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised their target price on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus 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.