Net Worth Advisory Group Buys Shares of 4,168 Fiserv, Inc. (NYSE:FI)

Net Worth Advisory Group acquired a new position in Fiserv, Inc. (NYSE:FI) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,168 shares of the business services provider’s stock, valued at approximately $749,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter worth about $25,000. Clean Yield Group lifted its position in shares of 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 acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in Fiserv during the 1st quarter worth about $32,000. Finally, Family Firm Inc. acquired a new stake in shares of Fiserv during the second quarter worth approximately $31,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.8 %

Shares of NYSE FI opened at $197.30 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $115.44 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The firm’s 50-day moving average is $177.05 and its 200-day moving average is $161.16. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $198.86.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm 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 business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 EPS. Equities analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Insider Buying and Selling at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on 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 owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Jefferies Financial Group raised their target price on Fiserv from $160.00 to $195.00 and gave the company a “hold” rating in a report on Wednesday. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Stephens boosted their price objective on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.92.

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.