Fiserv, Inc. (NYSE:FI) Stock Holdings Increased by Wedmont Private Capital

Wedmont Private Capital raised its position in shares of Fiserv, Inc. (NYSE:FI) by 17.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,220 shares of the business services provider’s stock after buying an additional 931 shares during the quarter. Wedmont Private Capital’s holdings in Fiserv were worth $1,151,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Comerica Bank bought a new stake in Fiserv during the fourth quarter valued at $24,845,000. Chilton Investment Co. Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at about $1,667,000. Brevan Howard Capital Management LP acquired a new stake in Fiserv during the fourth quarter worth about $1,303,000. Bragg Financial Advisors Inc bought a new position in Fiserv in the fourth quarter worth about $9,609,000. Finally, Biltmore Family Office LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $266,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.1 %

NYSE FI opened at $187.99 on Friday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $188.85. The company has a market capitalization of $109.99 billion, a P/E ratio of 35.14, a PEG ratio of 1.45 and a beta of 0.93. The company’s 50 day simple moving average is $172.14 and its 200 day simple moving average is $159.47. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. Equities research analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fiserv 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 directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock worth $36,572,057 in the last quarter. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on FI shares. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. KeyCorp boosted their price target on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. TD Cowen increased their price objective on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.84.

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.