Fiserv, Inc. (NYSE:FI) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,280 shares of the business services provider’s stock after purchasing an additional 74 shares during the period. TD Private Client Wealth LLC’s holdings in Fiserv were worth $589,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Triad Wealth Partners LLC acquired a new stake in Fiserv in the second quarter valued at $44,000. Blue Trust Inc. lifted its stake in shares of Fiserv by 91.3% in the second quarter. Blue Trust Inc. now owns 1,848 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 882 shares during the period. Brookstone Capital Management boosted its holdings in Fiserv by 28.5% during the second quarter. Brookstone Capital Management now owns 34,379 shares of the business services provider’s stock worth $5,431,000 after buying an additional 7,619 shares in the last quarter. Gradient Investments LLC grew its position in Fiserv by 14.0% during the second quarter. Gradient Investments LLC now owns 767 shares of the business services provider’s stock worth $114,000 after buying an additional 94 shares during the period. Finally, Oakworth Capital Inc. purchased a new position in Fiserv in the second quarter valued at about $52,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Tigress Financial upped their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised their target price on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Compass Point started coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.50.

Fiserv Stock Performance

Shares of FI stock opened at $204.66 on Friday. 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 firm has a market capitalization of $116.43 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. Fiserv, Inc. has a one year low of $131.41 and a one year high of $223.23. The company has a 50 day moving average price of $205.80 and a 200 day moving average price of $176.96.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.96 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the 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 completion of 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 4.66 % 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 ninety days. Corporate insiders own 0.75% of the company’s stock.

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.