Fiserv, Inc. (NYSE:FI) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 354.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,886 shares of the business services provider’s stock after purchasing an additional 48,270 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fiserv were worth $11,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $25,000. Family Firm Inc. acquired a new stake in shares of Fiserv in the 2nd quarter worth about $31,000. Clean Yield Group increased its holdings in shares of Fiserv by 431.3% in 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. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC increased its holdings 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 acquiring an additional 57 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FI shares. Oppenheimer started coverage on shares of Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective on the stock. TD Cowen increased their target price on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Barclays increased their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Finally, Wells Fargo & Company increased their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $190.04.

Fiserv Stock Performance

Shares of FI opened at $199.72 on Wednesday. Fiserv, Inc. has a one year low of $109.11 and a one year high of $199.87. The company has a 50-day moving average of $178.52 and a two-hundred day moving average of $161.81. The stock has a market cap of $116.86 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the company posted $1.81 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred 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 directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

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.