Sigma Planning Corp Boosts Holdings in Fiserv, Inc. (NYSE:FI)

Sigma Planning Corp lifted its stake in Fiserv, Inc. (NYSE:FI) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,372 shares of the business services provider’s stock after purchasing an additional 767 shares during the quarter. Sigma Planning Corp’s holdings in Fiserv were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Quent Capital LLC raised its position in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after buying an additional 68 shares during the last quarter. Empowered Funds LLC raised its position in Fiserv by 18.6% in the 1st quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock worth $1,219,000 after buying an additional 1,199 shares during the last quarter. Entropy Technologies LP raised its position in Fiserv by 66.0% in the 1st quarter. Entropy Technologies LP now owns 4,269 shares of the business services provider’s stock worth $682,000 after buying an additional 1,698 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Fiserv by 3.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 7,032 shares of the business services provider’s stock worth $1,124,000 after buying an additional 267 shares during the last quarter. Finally, Trillium Asset Management LLC bought a new stake in shares of Fiserv during the 1st quarter valued at about $206,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. KeyCorp boosted their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup boosted their price target on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Stephens boosted their price target on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, B. Riley boosted their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 233,890 shares of company stock worth $43,008,837. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Down 0.4 %

NYSE FI opened at $213.18 on Thursday. The stock’s 50 day moving average is $188.98 and its 200 day moving average is $167.41. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $121.86 and a 12 month high of $215.50. The stock has a market cap of $121.28 billion, a PE ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its 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. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. Research analysts predict that Fiserv, Inc. will post 8.77 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.