Sawyer & Company Inc Has $2.23 Million Stake in Fiserv, Inc. (NYSE:FI)

Sawyer & Company Inc raised its stake in Fiserv, Inc. (NYSE:FI) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,388 shares of the business services provider’s stock after buying an additional 244 shares during the quarter. Sawyer & Company Inc’s holdings in Fiserv were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of Fiserv in the first quarter worth about $2,359,000. ORG Partners LLC increased its holdings in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after acquiring an additional 3,197 shares in the last quarter. ZRC Wealth Management LLC bought a new stake in shares of Fiserv in the first quarter worth about $32,000. Park Place Capital Corp increased its holdings in shares of Fiserv by 66.3% in the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after acquiring an additional 2,794 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Fiserv by 377.3% in the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after acquiring an additional 44,776 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE:FI traded up $2.36 during mid-day trading on Friday, hitting $190.35. 1,970,527 shares of the stock were exchanged, compared to its average volume of 2,452,417. The stock has a market capitalization of $109.59 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The firm’s 50-day simple moving average is $173.30 and its 200 day simple moving average is $159.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $191.23.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.81 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Barclays increased their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday. B. Riley increased their price objective on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $178.84.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock valued at $36,572,057 in the last ninety days. 0.75% of the stock is owned by company insiders.

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.