Fiserv, Inc. (NYSE:FI) Shares Bought by Hengehold Capital Management LLC

Hengehold Capital Management LLC raised its position in Fiserv, Inc. (NYSE:FI) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,607 shares of the business services provider’s stock after purchasing an additional 560 shares during the period. Hengehold Capital Management LLC’s holdings in Fiserv were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the first quarter worth $25,000. Clean Yield Group grew its stake in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the first quarter worth $32,000. Finally, Family Firm Inc. acquired a new position in shares of Fiserv during the second quarter worth $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.2 %

NYSE FI opened at $198.11 on Thursday. The stock has a market capitalization of $115.91 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $198.11. The firm has a 50-day moving average price of $175.63 and a 200 day moving average price of $160.65. 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 (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. Equities research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FI shares. B. Riley boosted their price target 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. Morgan Stanley boosted their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Barclays boosted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.38.

Insiders Place Their Bets

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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of the 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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is owned by company insiders.

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.