Commerzbank Aktiengesellschaft FI Buys 943 Shares of Fiserv, Inc. (NYSE:FI)

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 41.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,221 shares of the business services provider’s stock after acquiring an additional 943 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Fiserv were worth $579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Shields & Co. LLC bought a new position in shares of Fiserv in the first quarter worth $25,000. Family Firm Inc. bought a new position in Fiserv in the 2nd quarter valued at about $31,000. Clean Yield Group raised its position 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 valued at $31,000 after buying an additional 138 shares in the last quarter. ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter worth approximately $32,000. Finally, Cedar Mountain Advisors LLC boosted 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 worth $34,000 after acquiring an additional 57 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI stock opened at $202.36 on Thursday. The firm has a 50 day moving average of $179.29 and a 200-day moving average of $162.09. The company has a market cap of $118.40 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52 week low of $111.53 and a 52 week high of $203.00.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. On average, equities analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Buying and Selling 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 transaction, the executive vice president now directly owns 28,323 shares in the company, 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 Securities & Exchange Commission, which is available at this link. In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $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. Over the last quarter, insiders sold 187,890 shares of company stock valued at $32,855,417. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FI shares. Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Susquehanna lifted their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Robert W. Baird increased their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Citigroup lifted their price target on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.92.

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.