Optimum Investment Advisors Purchases 350 Shares of Fiserv, Inc. (NYSE:FI)

Optimum Investment Advisors increased its position in Fiserv, Inc. (NYSE:FI) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the business services provider’s stock after acquiring an additional 350 shares during the quarter. Optimum Investment Advisors’ holdings in Fiserv were worth $847,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Atwood & Palmer Inc. increased its holdings in shares of Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after purchasing an additional 66 shares during the period. Cooper Financial Group increased its holdings in shares of Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares during the period. Quent Capital LLC increased its holdings in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares during the period. Finally, Fielder Capital Group LLC increased its holdings in shares of Fiserv by 3.3% during the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after purchasing an additional 68 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the company’s 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock valued at $32,855,417 over the last ninety days. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $195.73 on Friday. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $198.86. The firm’s 50 day moving average is $176.34 and its 200-day moving average is $160.90. The firm has a market capitalization of $114.52 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.44 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

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

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. TD Cowen upped their target price on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets upped their target price on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped 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, BTIG Research initiated coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.38.

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.