Fiserv, Inc. (NYSE:FI) Shares Bought by JGP Wealth Management LLC

JGP Wealth Management LLC increased its holdings in Fiserv, Inc. (NYSE:FI) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,084 shares of the business services provider’s stock after acquiring an additional 319 shares during the period. JGP Wealth Management LLC’s holdings in Fiserv were worth $1,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Norden Group LLC acquired a new stake in Fiserv during the first quarter worth approximately $2,359,000. ORG Partners LLC lifted its holdings 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 during the period. ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the 1st quarter valued at about $32,000. Park Place Capital Corp boosted its position 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 buying an additional 2,794 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Fiserv by 377.3% in 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 buying an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 1.1 %

Shares of FI traded up $2.08 on Friday, hitting $190.07. The company’s stock had a trading volume of 585,813 shares, compared to its average volume of 2,445,389. The firm has a market capitalization of $109.43 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $191.23. The firm’s fifty day moving average price is $172.67 and its 200-day moving average price is $159.67.

Fiserv (NYSE:FI) last posted 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 firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 owns 2,965,084 shares in the company, 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 the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock valued at $36,572,057 in the last quarter. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. KeyCorp lifted their target price on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, TD Cowen upped their target price on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $178.84.

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.