Arkadios Wealth Advisors Acquires Shares of 2,543 Fiserv, Inc. (NYSE:FI)

Arkadios Wealth Advisors purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,543 shares of the business services provider’s stock, valued at approximately $379,000.

Several other large investors have also recently modified their holdings of FI. Norden Group LLC bought a new position in Fiserv in the 1st quarter valued at approximately $2,359,000. BlueSpruce Investments LP bought a new stake in shares of Fiserv in the 4th quarter worth $646,368,000. ORG Partners LLC raised its stake in shares of Fiserv by 3,016.0% in the second 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 shares of Fiserv during the fourth quarter valued at $39,137,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at $88,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.0 %

NYSE FI opened at $174.60 on Friday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $174.81. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market cap of $102.16 billion, a PE ratio of 32.64, a P/E/G ratio of 1.31 and a beta of 0.92. The stock’s 50 day moving average is $158.44 and its 200 day moving average is $153.86.

Fiserv (NYSE:FI) last released 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. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Research analysts predict that Fiserv, Inc. will post 8.73 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the business’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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 93,690 shares of company stock valued at $14,833,215 in the last 90 days. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FI shares. BTIG Research initiated coverage on Fiserv in a research report on Wednesday. They issued a “buy” rating and a $200.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. BMO Capital Markets boosted their target price on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.32.

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.