Fiserv, Inc. (NYSE:FI) is Associated Banc Corp’s 7th Largest Position

Associated Banc Corp raised its holdings in Fiserv, Inc. (NYSE:FI) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,080 shares of the business services provider’s stock after buying an additional 12,937 shares during the quarter. Fiserv makes up approximately 2.4% of Associated Banc Corp’s holdings, making the stock its 7th largest holding. Associated Banc Corp’s holdings in Fiserv were worth $80,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of FI. Quent Capital LLC boosted its holdings in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. SVB Wealth LLC lifted its stake in shares of Fiserv by 1.6% in the first quarter. SVB Wealth LLC now owns 9,982 shares of the business services provider’s stock worth $1,595,000 after acquiring an additional 161 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Fiserv by 3.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,855 shares of the business services provider’s stock valued at $2,854,000 after purchasing an additional 513 shares during the last quarter. Tidal Investments LLC grew its stake in Fiserv by 30.1% during the 1st quarter. Tidal Investments LLC now owns 36,199 shares of the business services provider’s stock valued at $5,783,000 after purchasing an additional 8,377 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Fiserv in the 1st quarter valued at approximately $218,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.3 %

Shares of NYSE:FI traded down $0.69 during midday trading on Monday, hitting $220.87. 68,425 shares of the stock were exchanged, compared to its average volume of 2,470,014. Fiserv, Inc. has a 52-week low of $125.42 and a 52-week high of $222.05. The business’s fifty day simple moving average is $195.77 and its two-hundred day simple moving average is $171.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $125.66 billion, a PE ratio of 42.61, a P/E/G ratio of 1.69 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 EPS. As a group, research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FI. Oppenheimer began coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Stephens raised their price objective on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Mizuho increased their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $214.29.

Insider Activity

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock valued at $44,299,745 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

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.