B. Riley Wealth Advisors Inc. Buys Shares of 17,342 Fiserv, Inc. (NYSE:FI)

B. Riley Wealth Advisors Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,342 shares of the business services provider’s stock, valued at approximately $2,304,000.

A number of other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Fiserv in the third quarter valued at approximately $3,560,000. Aigen Investment Management LP purchased a new stake in shares of Fiserv in the third quarter valued at approximately $883,000. UniSuper Management Pty Ltd grew its position in shares of Fiserv by 2.3% in the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 100 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Fiserv by 88.6% in the third quarter. Acadian Asset Management LLC now owns 25,686 shares of the business services provider’s stock valued at $2,899,000 after purchasing an additional 12,066 shares in the last quarter. Finally, Regal Investment Advisors LLC grew its position in shares of Fiserv by 2.7% in the third quarter. Regal Investment Advisors LLC now owns 8,264 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 0.2 %

Fiserv stock opened at $149.44 on Wednesday. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $87.44 billion, a PE ratio of 27.93, a P/E/G ratio of 1.20 and a beta of 0.93. The stock’s fifty day moving average is $150.81 and its two-hundred day moving average is $146.22.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 earnings per share. On average, sell-side analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on FI shares. Mizuho increased their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Robert W. Baird raised their price target on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group raised their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th. Finally, TD Cowen raised their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.44.

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.