Foundations Investment Advisors LLC Buys 165 Shares of Fiserv, Inc. (NYSE:FI)

Foundations Investment Advisors LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,660 shares of the business services provider’s stock after purchasing an additional 165 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Fiserv were worth $837,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norden Group LLC bought a new position in shares of Fiserv during the 1st quarter valued at approximately $2,359,000. ORG Partners LLC increased its position in shares of Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 3,197 shares during the last quarter. ZRC Wealth Management LLC bought a new position in Fiserv in the 1st quarter valued at $32,000. Park Place Capital Corp grew its position in Fiserv by 66.3% in the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after acquiring an additional 2,794 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after acquiring an additional 44,776 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several research analyst reports. Susquehanna upped their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Mizuho upped their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday. B. Riley upped their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.08.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value 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 approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value 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 approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated 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 directly owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 227,890 shares of company stock valued at $40,934,217. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.4 %

Fiserv stock opened at $203.26 on Friday. The stock has a 50-day moving average of $179.29 and a two-hundred day moving average of $162.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $111.53 and a one year high of $204.50. The stock has a market cap of $118.93 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the business posted $1.96 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

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.