14,800 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in Fiserv, Inc. (NYSE:FI) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 14,800 shares of the business services provider’s stock, valued at approximately $2,206,000.

Several other large investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv in the first quarter worth $25,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at about $27,000. Family Firm Inc. bought a new stake in shares of Fiserv during the 2nd quarter valued at about $31,000. ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter valued at about $32,000. Finally, Quarry LP bought a new position in shares of Fiserv in the fourth quarter worth approximately $36,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. TD Cowen upped their target price on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price target on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Robert W. Baird raised their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.88.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on 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 directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock worth $36,572,057 over the last 90 days. 0.75% of the stock is owned by company insiders.

Fiserv Trading Up 0.7 %

NYSE FI opened at $179.65 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $179.95. The stock has a market cap of $105.11 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The stock has a 50 day simple moving average of $168.75 and a two-hundred day simple moving average of $158.00.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current 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.