HCR Wealth Advisors Buys Shares of 984 Fiserv, Inc. (NYSE:FI)

HCR Wealth Advisors bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 984 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Soros Capital Management LLC boosted its stake in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Czech National Bank boosted its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new stake in shares of Fiserv during the 3rd quarter worth about $4,709,000. Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the 4th quarter worth about $97,254,000. Finally, Maxwell Wealth Strategies Inc. boosted its stake in shares of Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after acquiring an additional 2,869 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FI shares. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. KeyCorp upped their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho increased their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insider Transactions at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred 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 owns 38,771 shares in the company, 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. In the last ninety days, insiders sold 90,821 shares of company stock valued at $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.0 %

Shares of FI opened at $206.21 on Friday. Fiserv, Inc. has a 1 year low of $136.48 and a 1 year high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a 50 day simple moving average of $209.55 and a 200-day simple moving average of $186.20. The stock has a market cap of $117.32 billion, a PE ratio of 39.66, a PEG ratio of 1.32 and a beta of 0.94.

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

Fiserv Company 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.