Mill Creek Capital Advisors LLC Purchases 84 Shares of Fiserv, Inc. (NYSE:FI)

Mill Creek Capital Advisors LLC raised its holdings in Fiserv, Inc. (NYSE:FI) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,414 shares of the business services provider’s stock after buying an additional 84 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Fiserv were worth $1,999,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Norden Group LLC bought a new position in shares of Fiserv during the first quarter valued at $2,359,000. BlueSpruce Investments LP bought a new position in Fiserv during the 4th quarter valued at about $646,368,000. ORG Partners LLC boosted its position in Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after buying an additional 3,197 shares in the last quarter. TD Asset Management Inc bought a new stake in Fiserv during the fourth quarter worth about $39,137,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Fiserv during the first quarter worth approximately $32,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on 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. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold a total of 211,890 shares of company stock valued at $36,572,057 in the last ninety days. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Up 0.9 %

Shares of FI opened at $179.27 on Tuesday. 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 $104.89 billion, a PE ratio of 33.51, a P/E/G ratio of 1.38 and a beta of 0.93. The firm’s 50 day moving average is $166.70 and its 200-day moving average is $157.03. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $179.53.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 EPS. Equities research analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FI shares. KeyCorp raised their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Citigroup raised 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 stock an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Six equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.88.

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.