B. Riley Wealth Advisors Inc. Has $2.85 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

B. Riley Wealth Advisors Inc. raised its stake in Fiserv, Inc. (NYSE:FI) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,855 shares of the business services provider’s stock after buying an additional 513 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Fiserv were worth $2,854,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC bought a new stake in Fiserv in the first quarter worth approximately $25,000. ZRC Wealth Management LLC bought a new stake in Fiserv in the first quarter worth approximately $32,000. RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv during the 4th quarter worth $27,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $27,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Fiserv during the 4th quarter worth $30,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $163.57 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $94.17 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 1.32 and a beta of 0.92. The company’s 50 day moving average price is $151.95 and its two-hundred day moving average price is $150.51. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $164.54.

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. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $1.81 EPS. On average, analysts expect that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Finally, Robert W. Baird increased their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $172.29.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock worth $7,696,448 over the last ninety days. Insiders own 0.75% of the company’s stock.

Fiserv 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.