Romano Brothers AND Company Acquires 3,450 Shares of Fiserv, Inc. (NYSE:FI)

Romano Brothers AND Company lifted its stake in Fiserv, Inc. (NYSE:FI) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,252 shares of the business services provider’s stock after buying an additional 3,450 shares during the period. Fiserv makes up approximately 1.7% of Romano Brothers AND Company’s investment portfolio, making the stock its 11th biggest position. Romano Brothers AND Company’s holdings in Fiserv were worth $13,339,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FI. YHB Investment Advisors Inc. acquired a new stake in Fiserv during the third quarter worth about $202,000. Courier Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter worth approximately $238,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of Fiserv by 41.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,221 shares of the business services provider’s stock worth $579,000 after acquiring an additional 943 shares in the last quarter. Liberty Capital Management Inc. increased its stake in Fiserv by 0.4% in the third quarter. Liberty Capital Management Inc. now owns 52,241 shares of the business services provider’s stock valued at $9,385,000 after acquiring an additional 207 shares during the last quarter. Finally, GAM Holding AG lifted its stake in Fiserv by 27.8% during the third quarter. GAM Holding AG now owns 114,439 shares of the business services provider’s stock worth $20,559,000 after purchasing an additional 24,890 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 1.3 %

Shares of FI stock opened at $202.36 on Thursday. Fiserv, Inc. has a fifty-two week low of $111.53 and a fifty-two week high of $203.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day simple moving average of $179.29 and a two-hundred day simple moving average of $162.09. The company has a market cap of $118.40 billion, a P/E ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. Research analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group increased their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens upped their price objective on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada raised their target price on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday. Four 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.92.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 187,890 shares of company stock valued at $32,855,417 in the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

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.