Net Worth Advisory Group Buys Shares of 4,168 Fiserv, Inc. (NYSE:FI)

Net Worth Advisory Group acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the third quarter, HoldingsChannel.com reports. The firm acquired 4,168 shares of the business services provider’s stock, valued at approximately $749,000.

A number of other hedge funds have also recently bought and sold shares of FI. Wellington Management Group LLP acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $3,292,000. Fisher Asset Management LLC bought a new position in shares of Fiserv in the 4th quarter valued at $296,000. SageView Advisory Group LLC acquired a new position in Fiserv during the fourth quarter worth about $292,000. Quadrature Capital Ltd acquired a new position in Fiserv during the 4th quarter worth approximately $645,000. Finally, Wedmont Private Capital lifted its stake in shares of Fiserv by 1.8% in the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 87 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction 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 owns 2,965,084 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 0.8 %

Fiserv stock opened at $197.30 on Friday. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $198.86. The firm’s 50 day moving average price is $177.05 and its 200-day moving average price is $161.16. 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 cap of $115.44 billion, a P/E ratio of 36.88, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the company earned $1.81 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Morgan Stanley raised their target price on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday. BTIG Research assumed coverage on Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Three 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.92.

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.