Cetera Investment Advisers Has $14.15 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Cetera Investment Advisers trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,920 shares of the business services provider’s stock after selling 4,115 shares during the quarter. Cetera Investment Advisers’ holdings in Fiserv were worth $14,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FI. Belpointe Asset Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at $346,000. Capital Research Global Investors bought a new position in Fiserv during the 4th quarter valued at about $71,295,000. Cetera Advisor Networks LLC acquired a new position in Fiserv in the fourth quarter valued at about $6,868,000. 1832 Asset Management L.P. bought a new stake in Fiserv during the fourth quarter worth about $8,352,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $3,175,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FI shares. JPMorgan Chase & Co. boosted their target price on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their price objective on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday. B. Riley raised their target price on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Finally, KeyCorp increased their price objective on shares of Fiserv from $170.00 to $180.00 and gave the stock 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $177.64.

Fiserv Stock Performance

FI stock opened at $185.40 on Friday. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $185.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market cap of $108.48 billion, a PE ratio of 34.65, a P/E/G ratio of 1.45 and a beta of 0.93. The business’s 50-day moving average price is $170.71 and its two-hundred day moving average price is $158.79.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during 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%. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 EPS. As a group, research analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. 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 ninety days. Company insiders own 0.75% of the company’s stock.

Fiserv 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.