GHP Investment Advisors Inc. Raises Stock Position in Fiserv, Inc. (NYSE:FI)

GHP Investment Advisors Inc. lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 58.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 934 shares of the business services provider’s stock after acquiring an additional 346 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Fiserv were worth $168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Fiserv by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after purchasing an additional 417,459 shares during the last quarter. Capital World Investors grew its stake in Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after acquiring an additional 1,303,078 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Fiserv by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after acquiring an additional 64,332 shares in the last quarter. Legal & General Group Plc raised its position in Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after acquiring an additional 85,598 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after purchasing an additional 1,306,901 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on 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 owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,890 shares of company stock valued at $40,934,217 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. Oppenheimer began coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. Stephens raised their price target on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. BTIG Research began coverage on Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective on the stock. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Robert W. Baird boosted their target price 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. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.38.

Fiserv Price Performance

FI stock opened at $199.52 on Monday. The stock has a 50-day moving average price of $180.68 and a two-hundred day moving average price of $162.78. The company has a market cap of $114.87 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $111.53 and a 12-month high of $204.50.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the business earned $1.96 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current 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.