2,030 Shares in Fiserv, Inc. (NYSE:FI) Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,030 shares of the business services provider’s stock, valued at approximately $292,000.

A number of other hedge funds also recently added to or reduced their stakes in FI. Fisher Asset Management LLC purchased a new position in Fiserv in the 4th quarter valued at $296,000. Wellington Management Group LLP purchased a new stake in shares of Fiserv in the fourth quarter valued at about $3,292,000. CCM Investment Advisers LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $13,757,000. Thomas Story & Son LLC purchased a new position in Fiserv during the fourth quarter worth about $4,138,000. Finally, American International Group Inc. acquired a new stake in Fiserv in the fourth quarter valued at about $23,360,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction that occurred on Monday, April 15th. The shares were 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 directly 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 available at this link. In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’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 in the company, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,729 shares of company stock worth $7,611,991. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of FI stock opened at $149.95 on Friday. The firm has a market capitalization of $87.74 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The company has a 50 day moving average price of $150.65 and a 200 day moving average price of $146.26. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

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

Wall Street Analyst Weigh In

FI has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. Jefferies Financial Group raised their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. B. Riley upped their price target on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.