Fiserv, Inc. (NYSE:FI) Position Increased by M&G Plc

M&G Plc lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 8.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,073 shares of the business services provider’s stock after purchasing an additional 5,151 shares during the period. M&G Plc’s holdings in Fiserv were worth $10,143,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wedmont Private Capital grew its stake in shares of Fiserv by 8.0% in the 2nd quarter. Wedmont Private Capital now owns 5,289 shares of the business services provider’s stock valued at $810,000 after buying an additional 391 shares in the last quarter. Cooper Financial Group increased its holdings in shares of Fiserv by 542.0% during the 2nd quarter. Cooper Financial Group now owns 14,399 shares of the business services provider’s stock valued at $2,146,000 after acquiring an additional 12,156 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Fiserv by 3.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,616 shares of the business services provider’s stock worth $2,029,000 after purchasing an additional 517 shares during the last quarter. Signature Wealth Management Group boosted its position in Fiserv by 4.4% during the second quarter. Signature Wealth Management Group now owns 10,699 shares of the business services provider’s stock worth $1,595,000 after purchasing an additional 450 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in Fiserv by 3.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 8,854 shares of the business services provider’s stock valued at $1,320,000 after purchasing an additional 336 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,800 shares of company stock worth $7,696,448. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of research analyst reports. Stephens reissued an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research report on Wednesday, April 24th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. BMO Capital Markets lifted their target price on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price target on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.29.

Fiserv Stock Up 0.8 %

Shares of NYSE:FI opened at $162.46 on Wednesday. The company has a 50 day moving average of $153.80 and a 200-day moving average of $151.87. Fiserv, Inc. has a one year low of $109.11 and a one year high of $165.56. The stock has a market cap of $95.06 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.31 and a beta of 0.92. 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 for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the business posted $1.81 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.73 earnings per share for the current year.

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.