New Century Financial Group LLC Makes New $257,000 Investment in Fiserv, Inc. (NYSE:FI)

New Century Financial Group LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,722 shares of the business services provider’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FI. Cooper Financial Group increased its holdings in Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares during the last quarter. Quent Capital LLC boosted its position in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares in the last quarter. Fielder Capital Group LLC increased its holdings in shares of Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 68 shares during the last quarter. Andina Capital Management LLC raised its position in shares of Fiserv by 3.1% during the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after acquiring an additional 70 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in Fiserv by 3.0% during the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock worth $365,000 after purchasing an additional 72 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. Insiders have sold a total of 211,890 shares of company stock worth $36,572,057 over the last three months. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FI has been the subject of a number of research analyst reports. KeyCorp upped 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. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $154.00 to $175.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, TD Cowen raised their price objective on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Five research 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 company’s stock. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $176.28.

Fiserv Stock Up 0.9 %

FI stock opened at $181.33 on Wednesday. The stock has a market capitalization of $106.10 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The company has a fifty day moving average of $169.23 and a 200-day moving average of $158.22. 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 $109.11 and a one year high of $181.88.

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

Fiserv Company 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.