Fiserv, Inc. (NYSE:FI) Holdings Raised by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. raised its stake in Fiserv, Inc. (NYSE:FI) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,918 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Fiserv were worth $1,602,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Waypoint Capital Advisors LLC lifted its holdings in Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares during the period. Optas LLC raised its holdings in Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after buying an additional 54 shares during the period. Cedar Mountain Advisors LLC lifted its position 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 acquiring an additional 57 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Fiserv by 7.6% in the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. boosted its position in Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after acquiring an additional 61 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the company’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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 40.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now 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. In the last quarter, insiders have sold 254,711 shares of company stock worth $47,477,232. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Mizuho boosted their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, BMO Capital Markets boosted their target price on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Stock Down 1.1 %

Shares of NYSE FI opened at $210.87 on Friday. The company has a market cap of $119.97 billion, a P/E ratio of 40.55, a PEG ratio of 1.63 and a beta of 0.92. The firm has a 50-day simple moving average of $189.77 and a two-hundred day simple moving average of $167.73. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50. 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 (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm posted $1.96 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.