JGP Wealth Management LLC Has $1.45 Million Holdings in Fiserv, Inc. (NYSE:FI)

JGP Wealth Management LLC increased its position in Fiserv, Inc. (NYSE:FIFree Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,084 shares of the business services provider’s stock after purchasing an additional 319 shares during the period. JGP Wealth Management LLC’s holdings in Fiserv were worth $1,452,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FI. Price T Rowe Associates Inc. MD bought a new position in shares of Fiserv during the 4th quarter valued at approximately $5,885,279,000. Bessemer Group Inc. boosted its stake in shares of Fiserv by 67.2% in the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after purchasing an additional 1,306,901 shares in the last quarter. Capital World Investors increased its stake in Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Glenview Capital Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at about $125,305,000. Finally, Baird Financial Group Inc. bought a new stake in Fiserv in the fourth quarter valued at $117,596,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

FI traded up $2.08 during midday trading on Friday, reaching $190.07. 585,813 shares of the company’s stock were exchanged, compared to its average volume of 2,445,389. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $109.43 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a one year low of $109.11 and a one year high of $191.23. The business has a 50-day simple moving average of $172.67 and a two-hundred day simple moving average of $159.67.

Fiserv (NYSE:FIGet Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The company 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 firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Citigroup raised Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Four 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.84.

Get Our Latest Research Report on Fiserv

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,350,427.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock valued at $36,572,057 in the last three months. 0.75% of the stock is owned by corporate insiders.

About Fiserv

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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