Fiserv, Inc. (NYSE:FI) Shares Bought by Adero Partners LLC

Adero Partners LLC raised its position in Fiserv, Inc. (NYSE:FI) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,370 shares of the business services provider’s stock after purchasing an additional 76 shares during the quarter. Adero Partners LLC’s holdings in Fiserv were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $31,000. Clean Yield Group lifted its holdings 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 worth $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.0 %

FI stock opened at $210.92 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $215.50. The firm’s 50-day simple moving average is $191.36 and its 200 day simple moving average is $168.54. The stock has a market cap of $120.00 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92.

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

Wall Street Analyst Weigh In

FI has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Susquehanna increased their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Stephens increased their target price on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. UBS Group increased their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, B. Riley increased their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $209.74.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 40.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,711 shares of company stock worth $47,477,232. 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.