Doyle Simons Sells 40,000 Shares of Fiserv, Inc. (NYSE:FI) Stock

Fiserv, Inc. (NYSE:FI) 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 value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Fiserv Trading Up 0.5 %

Shares of FI traded up $0.93 during mid-day trading on Thursday, reaching $203.29. 2,032,723 shares of the company were exchanged, compared to its average volume of 2,482,592. Fiserv, Inc. has a 52 week low of $111.53 and a 52 week high of $204.50. 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 market capitalization of $118.95 billion, a PE ratio of 38.00, a PEG ratio of 1.44 and a beta of 0.93. The business has a 50 day simple moving average of $179.29 and a two-hundred day simple moving average of $162.09.

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 analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned $1.96 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Large investors have recently added to or reduced their stakes in the business. Norden Group LLC acquired a new stake in Fiserv during the first quarter worth approximately $2,359,000. ORG Partners LLC grew its stake in Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after purchasing an additional 3,197 shares during the period. ZRC Wealth Management LLC acquired a new stake in Fiserv during the first quarter worth approximately $32,000. Park Place Capital Corp grew its stake in Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after purchasing an additional 2,794 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after purchasing an additional 44,776 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of several analyst reports. Mizuho increased their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada increased their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday. B. Riley increased their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, KeyCorp upped their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four equities research 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, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $202.08.

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.