Fiserv (NYSE:FI) Director Lance Fritz Acquires 10,000 Shares

Fiserv, Inc. (NYSE:FI) Director Lance Fritz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Fiserv Stock Performance

NYSE FI traded down $1.61 during trading hours on Monday, hitting $65.08. 22,291,941 shares of the company’s stock traded hands, compared to its average volume of 5,379,517. The firm has a market capitalization of $35.38 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.56 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $64.52 and a 52 week high of $238.59. The business’s fifty day moving average price is $126.20 and its two-hundred day moving average price is $150.93. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sowell Financial Services LLC grew its holdings in Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after acquiring an additional 314 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in Fiserv by 7.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after acquiring an additional 106 shares in the last quarter. Mendel Money Management bought a new position in Fiserv during the 2nd quarter worth about $1,409,000. Verdence Capital Advisors LLC grew its holdings in Fiserv by 8.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock worth $6,975,000 after acquiring an additional 3,097 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after acquiring an additional 3,809 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Fiserv from a “buy” rating to a “neutral” rating and decreased their price target for the company from $149.00 to $79.00 in a research note on Thursday. B. Riley downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday. Robert W. Baird decreased their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Jefferies Financial Group decreased their price target on shares of Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research note on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.95.

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.