4,967 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the 3rd quarter, Holdings Channel reports. The firm bought 4,967 shares of the business services provider’s stock, valued at approximately $892,000.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new position in Fiserv in the fourth quarter valued at approximately $5,885,279,000. Veritas Asset Management LLP purchased a new stake in Fiserv in the fourth quarter valued at $927,298,000. BlueSpruce Investments LP acquired a new position in shares of Fiserv in the 4th quarter valued at $646,368,000. ValueAct Holdings L.P. purchased a new position in shares of Fiserv during the 4th quarter worth $556,446,000. Finally, Veritas Investment Partners UK Ltd. acquired a new stake in shares of Fiserv during the 4th quarter worth about $262,298,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock worth $36,572,057 in the last 90 days. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. BTIG Research started coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. TD Cowen raised their price target on Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, KeyCorp raised their target price on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.64.

Fiserv Stock Performance

Shares of FI stock traded up $2.06 during mid-day trading on Friday, hitting $185.42. 1,859,528 shares of the stock were exchanged, compared to its average volume of 2,457,827. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $185.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $108.49 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 1.45 and a beta of 0.93. The stock’s fifty day simple moving average is $170.71 and its two-hundred day simple moving average is $158.79.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 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%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. On average, analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current year.

About Fiserv

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.