Schrum Private Wealth Management LLC Makes New $216,000 Investment in Fiserv, Inc. (NYSE:FI)

Schrum Private Wealth Management LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the third quarter, Holdings Channel reports. The firm bought 1,200 shares of the business services provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC boosted its stake in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares during the last quarter. Empowered Funds LLC increased its position in shares of Fiserv by 18.6% in the 1st 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. Entropy Technologies LP raised its stake in Fiserv by 66.0% during the 1st quarter. Entropy Technologies LP now owns 4,269 shares of the business services provider’s stock worth $682,000 after buying an additional 1,698 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Fiserv by 3.9% during the first quarter. HBK Sorce Advisory LLC now owns 7,032 shares of the business services provider’s stock worth $1,124,000 after acquiring an additional 267 shares in the last quarter. Finally, Trillium Asset Management LLC acquired a new position in Fiserv in the first quarter valued at about $206,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 233,890 shares of company stock worth $43,008,837. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FI. William Blair upgraded Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 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. Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, KeyCorp lifted their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $207.25.

Fiserv Stock Performance

Shares of FI opened at $213.18 on Thursday. The company has a market cap of $121.28 billion, a PE ratio of 41.00, a price-to-earnings-growth ratio of 1.64 and a beta of 0.92. The firm has a 50-day moving average of $188.98 and a 200-day moving average of $167.41. Fiserv, Inc. has a one year low of $121.86 and a one year high of $215.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.96 earnings per share. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current 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.