Fifth Third Wealth Advisors LLC Acquires 596 Shares of Fiserv, Inc. (NYSE:FI)

Fifth Third Wealth Advisors LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,085 shares of the business services provider’s stock after purchasing an additional 596 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Fiserv were worth $1,455,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FI. Clean Yield Group lifted its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its stake in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv during the 3rd quarter valued at $40,000. Friedenthal Financial purchased a new position in shares of Fiserv in the 4th quarter worth $49,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv in the third quarter worth $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 over the last 90 days. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

NYSE:FI opened at $204.12 on Thursday. The company has a market capitalization of $116.13 billion, a P/E ratio of 39.25, a P/E/G ratio of 1.56 and a beta of 0.94. The business’s 50-day moving average is $209.69 and its 200 day moving average is $186.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $135.97 and a 12 month high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the firm earned $1.96 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on FI. Susquehanna increased their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KeyCorp upped their target price on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Three investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $223.17.

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.