Fmr LLC Raises Holdings in Fiserv, Inc. (NYSE:FI)

Fmr LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 17.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,442,476 shares of the business services provider’s stock after purchasing an additional 1,427,664 shares during the quarter. Fmr LLC owned approximately 1.66% of Fiserv worth $1,696,341,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FI. ORG Partners LLC boosted its position in shares of Fiserv by 3,016.0% during the 2nd 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. Maxwell Wealth Strategies Inc. boosted its position in shares of Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after acquiring an additional 2,869 shares in the last quarter. Park Place Capital Corp boosted its position in shares of Fiserv by 66.3% during the 3rd 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. Radnor Capital Management LLC acquired a new position in shares of Fiserv during the 3rd quarter worth about $1,543,000. Finally, Eagle Asset Management Inc. boosted its position in shares of Fiserv by 16.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 73,797 shares of the business services provider’s stock worth $13,258,000 after acquiring an additional 10,232 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Compass Point assumed coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer assumed coverage on Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price for the company. Susquehanna upped their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Finally, KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $214.29.

Fiserv Stock Performance

Shares of FI stock opened at $222.45 on Wednesday. The company has a market cap of $126.56 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. The stock has a 50 day simple moving average of $197.64 and a 200-day simple moving average of $171.95. Fiserv, Inc. has a 12-month low of $125.42 and a 12-month high of $223.23. 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 (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock valued at $44,299,745 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

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.