Fiserv, Inc. (NYSE:FI) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 427.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,757 shares of the business services provider’s stock after acquiring an additional 5,477 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Fiserv were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the 1st quarter valued at $25,000. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter worth about $32,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $27,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $27,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $30,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on FI. Wells Fargo & Company increased their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets lifted their price target on shares of Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. 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. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.25.

Fiserv Trading Up 0.2 %

Shares of NYSE:FI traded up $0.26 during trading on Wednesday, reaching $168.30. The stock had a trading volume of 1,819,843 shares, compared to its average volume of 2,500,937. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market cap of $98.47 billion, a P/E ratio of 31.46, a PEG ratio of 1.31 and a beta of 0.92. The business has a fifty day moving average price of $155.89 and a 200-day moving average price of $152.79. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $169.77.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.81 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,800 shares of company stock valued at $11,655,728. Insiders own 0.75% of the company’s stock.

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.