Sugarloaf Wealth Management LLC Buys 100 Shares of Fiserv, Inc. (NYSE:FI)

Sugarloaf Wealth Management LLC increased its position in Fiserv, Inc. (NYSE:FI) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,021 shares of the business services provider’s stock after buying an additional 100 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Fiserv were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Price T Rowe Associates Inc. MD acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $5,885,279,000. Veritas Asset Management LLP acquired a new stake in Fiserv during the 4th quarter valued at approximately $927,298,000. BlueSpruce Investments LP acquired a new stake in Fiserv during the 4th quarter valued at approximately $646,368,000. ValueAct Holdings L.P. acquired a new stake in Fiserv during the 4th quarter valued at approximately $556,446,000. Finally, Mairs & Power Inc. acquired a new stake in Fiserv during the 4th quarter valued at approximately $258,202,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

FI traded up $2.08 during trading hours on Tuesday, hitting $187.06. The stock had a trading volume of 416,005 shares, compared to its average volume of 2,447,930. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market cap of $109.45 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $187.69. The company’s fifty day simple moving average is $171.16 and its 200 day simple moving average is $159.05.

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

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,890 shares of company stock worth $36,572,057. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. 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 target price for the company. Citigroup upgraded Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. B. Riley increased their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company increased their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average price target of $177.64.

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.