Fiserv, Inc. (NYSE:FI) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its holdings in Fiserv, Inc. (NYSE:FI) by 7.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,328 shares of the business services provider’s stock after acquiring an additional 626 shares during the period. Empowered Funds LLC’s holdings in Fiserv were worth $1,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new position in Fiserv in the 2nd quarter valued at about $31,000. Clean Yield Group lifted its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock worth $44,299,745 over the last three months. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 0.2 %

FI stock opened at $217.55 on Friday. 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 company’s 50-day moving average price is $194.83 and its 200 day moving average price is $170.25. Fiserv, Inc. has a 52 week low of $125.05 and a 52 week high of $219.11. The company has a market cap of $123.77 billion, a P/E ratio of 41.84, a P/E/G ratio of 1.64 and a beta of 0.92.

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

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. Morgan Stanley increased their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Stephens raised their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. B. Riley increased their price objective on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their target price on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

About Fiserv

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.