Peddock Capital Advisors LLC Acquires 122 Shares of Fiserv, Inc. (NYSE:FI)

Peddock Capital Advisors LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,537 shares of the business services provider’s stock after buying an additional 122 shares during the period. Fiserv comprises 1.0% of Peddock Capital Advisors LLC’s holdings, making the stock its 22nd largest position. Peddock Capital Advisors LLC’s holdings in Fiserv were worth $4,049,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FI. Regal Investment Advisors LLC bought a new position in Fiserv during the 4th quarter worth about $1,093,000. Symmetry Investments LP acquired a new position in shares of Fiserv during the 4th quarter worth about $461,000. MGO One Seven LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $2,594,000. Vista Investment Management acquired a new position in shares of Fiserv during the 4th quarter worth about $576,000. Finally, Oribel Capital Management LP acquired a new position in shares of Fiserv during the 4th quarter worth about $22,198,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was 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. In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were 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 of the company’s stock, valued at $525,916,949.08. The trade was 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, 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 transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. 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. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.2 %

Shares of NYSE:FI traded down $0.42 during mid-day trading on Wednesday, reaching $187.52. 362,575 shares of the company’s stock were exchanged, compared to its average volume of 2,447,378. The firm has a market capitalization of $109.72 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 1.45 and a beta of 0.93. The business’s fifty day moving average price is $171.65 and its 200-day moving average price is $159.27. 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, Inc. has a twelve month low of $109.11 and a twelve month high of $188.85.

Fiserv (NYSE:FI) last released its earnings results 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. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FI shares. KeyCorp raised their target price on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Robert W. Baird raised their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. BMO Capital Markets raised their target price on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.