W.H. Cornerstone Investments Inc. Invests $204,000 in Fiserv, Inc. (NYSE:FI)

W.H. Cornerstone Investments Inc. acquired a new position in Fiserv, Inc. (NYSE:FI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,135 shares of the business services provider’s stock, valued at approximately $204,000.

Other large investors have also recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the 1st quarter worth approximately $25,000. Family Firm Inc. bought a new position in Fiserv in the second quarter valued at approximately $31,000. Clean Yield Group grew its holdings 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 acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of 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 acquiring an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was 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 owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were 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 owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,890 shares of company stock worth $46,968,117. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FI shares. Citigroup upped their price objective on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company lifted their price objective on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BTIG Research began coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Four 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.25.

Fiserv Stock Down 0.6 %

Shares of FI stock opened at $200.82 on Tuesday. The firm’s fifty day moving average price is $184.49 and its two-hundred day moving average price is $164.96. 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 1 year low of $118.42 and a 1 year high of $204.50. The firm has a market capitalization of $114.25 billion, a P/E ratio of 38.62, a PEG ratio of 1.54 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results 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. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. On average, equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.