Hengehold Capital Management LLC Increases Position in Fiserv, Inc. (NYSE:FI)

Hengehold Capital Management LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 18.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,607 shares of the business services provider’s stock after buying an additional 560 shares during the period. Hengehold Capital Management LLC’s holdings in Fiserv were worth $648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv during the first quarter valued at approximately $25,000. Clean Yield Group lifted its stake in shares of Fiserv by 431.3% during 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 during the period. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. ZRC Wealth Management LLC purchased a new position in Fiserv during the first quarter worth approximately $32,000. Finally, Family Firm Inc. purchased a new position in Fiserv during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wells Fargo & Company increased their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Barclays increased their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. KeyCorp increased their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, TD Cowen raised their target price on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $184.38.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 187,890 shares of company stock valued at $32,855,417. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $198.11 on Thursday. The firm has a market cap of $115.91 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $198.11. The firm has a fifty day moving average of $175.63 and a two-hundred day moving average of $160.65.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $1.81 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

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.