DRW Securities LLC Takes Position in Fiserv, Inc. (NYSE:FI)

DRW Securities LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,431 shares of the business services provider’s stock, valued at approximately $805,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv during the 1st quarter worth $25,000. RE Dickinson Investment Advisors LLC acquired a new position in Fiserv in the fourth quarter valued at $27,000. Family Firm Inc. acquired a new position in Fiserv in the second quarter valued at $31,000. ZRC Wealth Management LLC purchased a new position in Fiserv during the first quarter worth about $32,000. Finally, Quarry LP acquired a new stake in Fiserv in the 4th quarter worth about $36,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’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 directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP John Gibbons sold 18,890 shares of the company’s 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 sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. Insiders sold a total of 66,890 shares of company stock worth $10,853,407 in the last 90 days. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of FI stock opened at $177.61 on Monday. The company has a market capitalization of $103.92 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The firm has a fifty day simple moving average of $166.23 and a 200-day simple moving average of $156.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $178.89.

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

Analyst Ratings Changes

A number of research analysts have recently commented on FI shares. B. Riley upped their price objective on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd. Royal Bank of Canada increased their price target on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. BMO Capital Markets boosted their price objective on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, William Blair upgraded Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, twenty-one 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 $174.32.

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.