GSG Advisors LLC Acquires Shares of 1,300 Fiserv, Inc. (NYSE:FI)

GSG Advisors LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,300 shares of the business services provider’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new stake in Fiserv during the 1st quarter valued at $25,000. Clean Yield Group grew its position in shares of Fiserv by 431.3% in the third 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 in the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% during the 3rd 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 during the period. Family Firm Inc. bought a new stake in shares of Fiserv during the 2nd quarter valued at $31,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Fiserv during the 3rd quarter worth about $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.9 %

FI stock opened at $210.70 on Friday. The company has a market capitalization of $119.87 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. 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, Inc. has a one year low of $118.42 and a one year high of $212.84. The company’s 50 day moving average price is $187.37 and its two-hundred day moving average price is $166.39.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company earned $1.96 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock worth $46,968,117 in the last ninety days. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent analyst reports. Citigroup lifted their target price on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. BTIG Research initiated coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Oppenheimer began coverage on shares of Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

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.