Maxwell Wealth Strategies Inc. Has $2.70 Million Stake in Fiserv, Inc. (NYSE:FI)

Maxwell Wealth Strategies Inc. increased its stake in Fiserv, Inc. (NYSE:FI) by 23.6% in the 3rd quarter, Holdings Channel reports. The firm owned 15,009 shares of the business services provider’s stock after purchasing an additional 2,869 shares during the period. Fiserv accounts for approximately 1.2% of Maxwell Wealth Strategies Inc.’s holdings, making the stock its 28th biggest position. Maxwell Wealth Strategies Inc.’s holdings in Fiserv were worth $2,696,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in Fiserv by 67.2% in the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after purchasing an additional 1,306,901 shares during the period. Capital World Investors raised its position in shares of Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S acquired a new stake in Fiserv during the third quarter worth about $172,993,000. Manning & Napier Advisors LLC bought a new position in Fiserv during the second quarter valued at about $105,031,000. Finally, Mizuho Securities USA LLC raised its holdings in Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after acquiring an additional 558,774 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on FI. Robert W. Baird boosted their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. The Goldman Sachs Group raised their price objective on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup increased their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Finally, TD Cowen raised their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Trading Up 0.0 %

FI opened at $210.92 on Friday. Fiserv, Inc. has a 1-year low of $121.86 and a 1-year high of $215.50. The firm has a 50-day moving average price of $191.36 and a two-hundred day moving average price of $168.43. The stock has a market capitalization of $120.00 billion, a PE ratio of 40.56, a PEG ratio of 1.63 and a beta of 0.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during 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%. Fiserv’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 40.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,711 shares of company stock worth $47,477,232 over the last three months. 0.75% of the stock is currently owned by company insiders.

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.