2 weeks Ago By ABMN Staff
Ascent Group LLC increased its stake in shares of Fiserv, Inc. ( NYSE:FI – Free Report ) by 13.5% in the 2nd quarter, Holdings Channel reports.
The firm owned 26,384 shares of the business services provider’s stock after purchasing an additional 3,146 shares during the period. Ascent Group LLC’s holdings in Fiserv were worth $3,932,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the first quarter valued at approximately $25,000. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the first quarter worth approximately $32,000.
RE Dickinson Investment Advisors LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Family Firm Inc. purchased a new position in Fiserv in the 2nd quarter valued at $31,000.
Finally, Redmont Wealth Advisors LLC acquired a new stake in Fiserv during the 1st quarter worth $37,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of brokerages have recently commented on FI. KeyCorp increased their target price on shares of Fiserv from $170.00 to $180.
00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. TD Cowen increased their price objective on shares of Fiserv from $175.00 to $182.
00 and gave the company a “buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $178.00 to $184.
00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. BTIG Research started coverage on Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.
00 price target for the company. Finally, StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday.
Five equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $174.
88. Fiserv Price Performance FI opened at $178.38 on Friday.
The stock’s 50-day moving average price is $168.33 and its 200 day moving average price is $157.74.
Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $179.
53. The firm has a market cap of $104.37 billion, a price-to-earnings ratio of 33.
34, a PEG ratio of 1.45 and a beta of 0.93.
The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.
85. Fiserv ( NYSE:FI – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.
13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03.
The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion.
Fiserv had a net margin of 17.45% and a return on equity of 16.41%.
The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.
81 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.
74 earnings per share for the current year. Insider Transactions at Fiserv In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.
08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . 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 shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00.
Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.
00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 211,890 shares of company stock valued at $36,572,057. 0.
75% of the stock is currently owned by company insiders. About Fiserv ( Free Report ) 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.
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