GAMMA Investing LLC Has $3.61 Million Stock Position in Fiserv, Inc. (NYSE:FI)

GAMMA Investing LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,547 shares of the business services provider’s stock after purchasing an additional 3,000 shares during the period. GAMMA Investing LLC’s holdings in Fiserv were worth $3,605,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of FI. Clean Yield Group raised its position in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased 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 buying an additional 57 shares during the period. Kennebec Savings Bank bought a new position in shares of Fiserv during the third quarter worth about $40,000. Northwest Investment Counselors LLC acquired a new position in shares of Fiserv in the third quarter worth approximately $44,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Fiserv by 904.0% in the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 226 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FI. Citigroup raised their price target on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Robert W. Baird lifted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Stephens restated an “overweight” rating and set a $255.00 target price on shares of Fiserv in a research report on Thursday. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Fiserv Stock Performance

Shares of FI opened at $205.98 on Friday. The firm has a market capitalization of $117.19 billion, a P/E ratio of 39.61, a P/E/G ratio of 1.56 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $131.41 and a 52 week high of $223.23. The stock has a 50 day moving average price of $209.10 and a two-hundred day moving average price of $182.52. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. Fiserv’s revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last quarter. Insiders own 0.75% of the company’s stock.

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.