Fiserv, Inc. (NYSE:FI) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its position in Fiserv, Inc. (NYSE:FI) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,588 shares of the business services provider’s stock after selling 2,101 shares during the quarter. Fiserv accounts for approximately 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 25th biggest holding. Marks Group Wealth Management Inc’s holdings in Fiserv were worth $9,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in Fiserv by 6.1% in the first quarter. Janney Montgomery Scott LLC now owns 63,865 shares of the business services provider’s stock valued at $10,207,000 after acquiring an additional 3,666 shares in the last quarter. Quent Capital LLC lifted its position in shares of Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares during the last quarter. Financial Counselors Inc. lifted its position in shares of Fiserv by 4.7% during the first quarter. Financial Counselors Inc. now owns 3,090 shares of the business services provider’s stock worth $494,000 after purchasing an additional 139 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Fiserv in the first quarter valued at about $493,000. Finally, Catalina Capital Group LLC bought a new stake in Fiserv in the first quarter valued at about $282,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. 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 hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock valued at $46,968,117 over the last three months. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $203.00 on Wednesday. The company has a 50-day moving average of $185.14 and a 200-day moving average of $165.34. The firm has a market cap of $115.49 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $118.42 and a twelve month high of $204.50.

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. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. Analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on FI. The Goldman Sachs Group increased their target price on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Susquehanna boosted their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $207.25.

About Fiserv

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.