Nicolet Advisory Services LLC Increases Stake in Fiserv, Inc. (NYSE:FI)

Nicolet Advisory Services LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 19.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,939 shares of the business services provider’s stock after purchasing an additional 1,131 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Fiserv were worth $1,272,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the 1st quarter worth $25,000. Clean Yield Group grew its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its stake in Fiserv by 42.5% during the third 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. Family Firm Inc. purchased a new position in shares of Fiserv in the 2nd quarter worth about $31,000. Finally, Kennebec Savings Bank acquired a new position in shares of Fiserv in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FI. Wells Fargo & Company lifted their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Citigroup raised their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Stephens raised their target price on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.29.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the firm’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 owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

Fiserv stock opened at $221.56 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $125.42 and a 12 month high of $222.05. The company has a fifty day moving average price of $195.77 and a two-hundred day moving average price of $170.75. The company has a market cap of $126.05 billion, a PE ratio of 42.61, a P/E/G ratio of 1.66 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 EPS. Research analysts expect that Fiserv, Inc. will post 8.77 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.