Lion Street Advisors LLC Buys New Position in Fiserv, Inc. (NYSE:FI)

Lion Street Advisors LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,233 shares of the business services provider’s stock, valued at approximately $222,000.

A number of other hedge funds have also added to or reduced their stakes in FI. Wellington Shields & Co. LLC purchased a new stake in Fiserv in the first quarter worth $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv in the 2nd quarter worth about $31,000. Clean Yield Group grew its position in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. ZRC Wealth Management LLC bought a new position in shares of Fiserv in the 1st quarter worth about $32,000. Finally, Quarry LP purchased a new position in Fiserv during the 4th quarter valued at about $36,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fiserv 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 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value 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 $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,890 shares of company stock valued at $36,572,057. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 1.3 %

Shares of Fiserv stock opened at $190.35 on Friday. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $191.23. The company’s fifty 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 current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $109.59 billion, a PE ratio of 32.93, a P/E/G ratio of 1.44 and a beta of 0.93.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on FI shares. TD Cowen boosted their price target on Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research report on Wednesday, October 2nd. B. Riley increased their price objective on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.