ORG Wealth Partners LLC Takes $142,000 Position in Fiserv, Inc. (NYSE:FI)

ORG Wealth Partners LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 790 shares of the business services provider’s stock, valued at approximately $142,000.

Several other institutional investors and hedge funds have also modified their holdings of FI. Wellington Shields & Co. LLC acquired a new position in Fiserv in the 1st quarter worth about $25,000. Clean Yield Group increased its stake in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter worth approximately $32,000. Family Firm Inc. purchased a new stake in Fiserv during the 2nd quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Fiserv during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research reports. BMO Capital Markets boosted their price objective on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Citigroup upgraded Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Finally, B. Riley upped their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Three investment 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. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $178.84.

Fiserv Stock Performance

NYSE FI opened at $193.23 on Tuesday. 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 firm has a market cap of $113.06 billion, a P/E ratio of 36.12, 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 $193.39. The business’s 50-day moving average price is $174.07 and its 200 day moving average price is $160.15.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 earnings per share. On average, equities research analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Activity

In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 15th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 187,890 shares of company stock worth $32,855,417. Company insiders own 0.75% of the company’s stock.

Fiserv Company 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.