Mercer Global Advisors Inc. ADV Grows Position in Fiserv, Inc. (NYSE:FI)

Mercer Global Advisors Inc. ADV grew its position in shares of Fiserv, Inc. (NYSE:FI) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,019 shares of the business services provider’s stock after acquiring an additional 10,650 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Fiserv were worth $35,623,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FI. Aveo Capital Partners LLC purchased a new position in Fiserv during the 4th quarter valued at $309,000. 9258 Wealth Management LLC bought a new position in Fiserv in the fourth quarter worth about $552,000. Great Lakes Advisors LLC purchased a new stake in Fiserv in the fourth quarter worth about $396,000. Robeco Institutional Asset Management B.V. bought a new stake in Fiserv during the 4th quarter valued at approximately $1,336,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Fiserv during the 4th quarter worth approximately $22,218,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FI. 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. StockNews.com downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. BTIG Research initiated coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, TD Cowen lifted their target price on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.32.

Fiserv Stock Performance

FI opened at $175.23 on Thursday. The company’s 50 day moving average is $165.19 and its 200 day moving average is $156.39. 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 company has a market cap of $102.53 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $176.76.

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 analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the firm posted $1.81 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were 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 of the company’s stock, valued at $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 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.

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.