Eagle Wealth Strategies LLC Sells 331 Shares of Fiserv, Inc. (NYSE:FI)

Eagle Wealth Strategies LLC trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,413 shares of the business services provider’s stock after selling 331 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Fiserv were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter valued at about $25,000. Clean Yield Group lifted its stake in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the 1st quarter valued at about $32,000. Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv in the 1st quarter valued at about $37,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI traded up $0.07 on Wednesday, hitting $188.01. 99,582 shares of the stock traded hands, compared to its average volume of 2,446,029. The business’s fifty day moving average is $171.65 and its two-hundred day moving average is $159.27. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $188.85. The firm has a market capitalization of $110.01 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the 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 transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the 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 sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 211,890 shares of company stock valued at $36,572,057. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FI. BTIG Research began coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective on the stock. Citigroup raised Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. B. Riley upped their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, TD Cowen upped their price target on Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Four research 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.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $177.64.

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.