Fiserv, Inc. (NYSE:FI) Director Heidi Miller Sells 30,000 Shares

Fiserv, Inc. (NYSE:FI) Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Fiserv Price Performance

Shares of NYSE:FI opened at $197.91 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $183.22 and a 200 day moving average price of $163.96. Fiserv, Inc. has a 52 week low of $113.11 and a 52 week high of $204.50. The company has a market cap of $112.59 billion, a P/E ratio of 38.06, a PEG ratio of 1.53 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the business earned $1.96 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FI. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. TD Cowen raised their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Oppenheimer assumed coverage on shares of Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Finally, KeyCorp boosted their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $207.25.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently made changes to their positions in FI. Wellington Shields & Co. LLC purchased a new position in Fiserv in the 1st quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in Fiserv in the second quarter valued at $31,000. Clean Yield Group increased its position in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the 1st quarter worth $32,000. Finally, Cedar Mountain Advisors LLC boosted its position in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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.