IAM Advisory LLC Buys New Shares in Fiserv, Inc. (NYSE:FI)

IAM Advisory LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,328 shares of the business services provider’s stock, valued at approximately $273,000.

A number of other hedge funds also recently bought and sold shares of FI. Clean Yield Group raised its stake in Fiserv by 431.3% in the third 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. Cedar Mountain Advisors LLC grew its stake 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 valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Fiserv in the 3rd quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the third quarter worth $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $208.67 on Friday. The company has a 50-day moving average of $209.45 and a two-hundred day moving average of $186.76. The stock has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. 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, Inc. has a one year low of $136.93 and a one year high of $223.23.

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 the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the company posted $1.96 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FI. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird raised their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, Morgan Stanley upped their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insiders Place Their Bets

In other news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock valued at $18,581,095 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

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.