Norden Group LLC Purchases New Position in Fiserv, Inc. (NYSE:FI)

Norden Group LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,760 shares of the business services provider’s stock, valued at approximately $2,359,000.

A number of other large investors have also recently bought and sold shares of FI. Redmont Wealth Advisors LLC acquired a new stake in Fiserv in the first quarter valued at about $37,000. State of Alaska Department of Revenue lifted its position in shares of Fiserv by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 74,873 shares of the business services provider’s stock valued at $11,965,000 after acquiring an additional 300 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new stake in shares of Fiserv during the 1st quarter worth about $336,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in Fiserv during the first quarter worth approximately $234,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Fiserv by 12.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 948,232 shares of the business services provider’s stock worth $151,547,000 after purchasing an additional 104,251 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,729 shares of company stock valued at $7,611,991. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $148.79 on Friday. The company’s 50-day moving average price is $150.59 and its two-hundred day moving average price is $147.39. The stock has a market cap of $87.06 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FI. Citigroup upped their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group upped their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Barclays raised their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Finally, Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

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.