Intelligence Driven Advisers LLC Acquires 112 Shares of Fiserv, Inc. (NYSE:FI)

Intelligence Driven Advisers LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,793 shares of the business services provider’s stock after purchasing an additional 112 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Fiserv were worth $1,400,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Wellington Shields & Co. LLC bought a new stake in Fiserv in the 1st quarter valued at approximately $25,000. Family Firm Inc. bought a new position in Fiserv in the second quarter valued at $31,000. Clean Yield Group increased its stake in Fiserv by 431.3% in the 3rd 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 during the last quarter. Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% during 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. Finally, Newbridge Financial Services Group Inc. grew its holdings 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 acquiring an additional 127 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI traded up $0.53 during trading hours on Thursday, hitting $213.71. 63,587 shares of the company were exchanged, compared to its average volume of 2,469,231. Fiserv, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $215.50. The firm’s fifty day moving average is $189.77 and its 200 day moving average is $167.73. 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 market cap of $121.58 billion, a price-to-earnings ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92.

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

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This 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 hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on 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 in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 233,890 shares of company stock valued at $43,008,837 over the last ninety days. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BTIG Research began coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Oppenheimer initiated coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. Morgan Stanley boosted their target price on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. KeyCorp increased their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.25.

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.