GSG Advisors LLC Invests $236,000 in Fiserv, Inc. (NYSE:FI)

GSG Advisors LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,300 shares of the business services provider’s stock, valued at approximately $236,000.

Several other hedge funds have also made changes to their positions in FI. Quent Capital LLC grew its stake in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after buying an additional 68 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Fiserv during the 1st quarter valued at about $493,000. Empowered Funds LLC lifted its stake in Fiserv by 18.6% in the first quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock valued at $1,219,000 after buying an additional 1,199 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Fiserv by 3.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,801 shares of the business services provider’s stock worth $927,000 after purchasing an additional 211 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in shares of Fiserv by 15.1% during the first quarter. Atomi Financial Group Inc. now owns 4,377 shares of the business services provider’s stock worth $700,000 after buying an additional 573 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock valued at $46,968,117 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FI. B. Riley boosted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Barclays boosted their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley boosted their target price on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group raised their target price on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer initiated coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. Four investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Fiserv Price Performance

FI stock opened at $210.70 on Friday. The company has a market capitalization of $119.87 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $118.42 and a 52-week high of $212.84. The business has a 50-day simple moving average of $187.37 and a two-hundred day simple moving average of $166.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last announced its quarterly 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. Fiserv’s revenue was up 7.0% compared to the same quarter last year. Research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Fiserv 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.