Mountain Pacific Investment Advisers LLC Raises Stock Position in Fiserv, Inc. (NYSE:FI)

Mountain Pacific Investment Advisers LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,791 shares of the business services provider’s stock after buying an additional 2,781 shares during the quarter. Fiserv makes up 5.7% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its largest position. Mountain Pacific Investment Advisers LLC owned about 0.08% of Fiserv worth $82,961,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FI. Perpetual Ltd acquired a new position in Fiserv in the 3rd quarter valued at about $378,000. BSN CAPITAL PARTNERS Ltd acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $6,856,000. Wedmont Private Capital lifted its holdings in shares of Fiserv by 17.6% during the 3rd quarter. Wedmont Private Capital now owns 6,220 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 931 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Fiserv by 30.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 583 shares of the business services provider’s stock worth $105,000 after acquiring an additional 137 shares during the period. Finally, Daymark Wealth Partners LLC bought a new stake in shares of Fiserv during the 3rd quarter worth approximately $201,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FI shares. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Robert W. Baird increased their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, TD Cowen upped their price target on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.64.

Fiserv Trading Down 0.1 %

NYSE:FI opened at $187.74 on Thursday. 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 capitalization of $109.85 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 1.45 and a beta of 0.93. The firm has a fifty day simple moving average of $172.14 and a two-hundred day simple moving average of $159.47. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $188.85.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.81 billion. During the same period last year, the firm earned $1.81 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock valued at $36,572,057 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

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.