Signal Advisors Wealth LLC Purchases 100 Shares of Fiserv, Inc. (NYSE:FI)

Signal Advisors Wealth LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,006 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Signal Advisors Wealth LLC’s holdings in Fiserv were worth $823,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FI. Clean Yield Group grew its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its holdings 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 worth $34,000 after buying an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares during the period. Kennebec Savings Bank purchased a new stake in Fiserv during the third quarter worth about $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv in the third quarter worth about $44,000. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 over the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 1.5 %

Shares of FI stock opened at $204.56 on Wednesday. The company has a market capitalization of $116.38 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $135.97 and a 52-week high of $223.23. The business’s fifty day moving average is $209.69 and its 200 day moving average is $186.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the firm posted $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FI. Compass Point initiated coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Citigroup increased their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen boosted their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer boosted their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.17.

About Fiserv

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.