XTX Topco Ltd Buys Shares of 10,712 Fiserv, Inc. (NYSE:FI)

XTX Topco Ltd purchased a new position in Fiserv, Inc. (NYSE:FI) during the second quarter, HoldingsChannel.com reports. The fund purchased 10,712 shares of the business services provider’s stock, valued at approximately $1,597,000.

A number of other institutional investors have also modified their holdings of FI. Norden Group LLC bought a new position in shares of Fiserv during the first quarter valued at approximately $2,359,000. BlueSpruce Investments LP acquired a new position in Fiserv during the 4th quarter valued at about $646,368,000. ORG Partners LLC grew its position in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after purchasing an additional 3,197 shares during the last quarter. TD Asset Management Inc bought a new position in Fiserv in the 4th quarter worth approximately $39,137,000. Finally, ZRC Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter valued at approximately $32,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $178.79 on Friday. The firm has a market cap of $104.61 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company’s fifty day moving average is $165.74 and its 200-day moving average is $156.54. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping 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 firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the business posted $1.81 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred 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 directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold a total of 66,890 shares of company stock worth $10,853,407 over the last 90 days. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price target on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. B. Riley raised their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Citigroup raised Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Six 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

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.