Private Advisor Group LLC Sells 300 Shares of Fiserv, Inc. (NYSE:FI)

Private Advisor Group LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,521 shares of the business services provider’s stock after selling 300 shares during the quarter. Private Advisor Group LLC’s holdings in Fiserv were worth $3,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC increased its holdings in Fiserv by 42.5% in the 3rd quarter. Waldron Private Wealth LLC now owns 4,835 shares of the business services provider’s stock valued at $869,000 after buying an additional 1,442 shares during the period. Eastern Bank acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $50,000. Sequoia Financial Advisors LLC increased its stake in Fiserv by 354.5% in the third quarter. Sequoia Financial Advisors LLC now owns 61,886 shares of the business services provider’s stock valued at $11,118,000 after acquiring an additional 48,270 shares during the last quarter. Sky Investment Group LLC raised its position in Fiserv by 17.7% during the third quarter. Sky Investment Group LLC now owns 2,290 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 345 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its stake in Fiserv by 45.3% during the third quarter. Oakworth Capital Inc. now owns 507 shares of the business services provider’s stock worth $91,000 after purchasing an additional 158 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FI. BTIG Research began coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Barclays increased their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley lifted their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, B. Riley upped their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Four investment 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, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $204.38.

Fiserv Price Performance

Shares of NYSE FI opened at $199.52 on Monday. The company has a market capitalization of $114.87 billion, a PE ratio of 38.37, a P/E/G ratio of 1.53 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $111.53 and a twelve month high of $204.50. The firm has a fifty day simple moving average of $180.68 and a 200 day simple moving average of $162.78.

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

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the business’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 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 227,890 shares of company stock valued at $40,934,217. 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.