EverSource Wealth Advisors LLC Purchases 459 Shares of Fiserv, Inc. (NYSE:FI)

EverSource Wealth Advisors LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,149 shares of the business services provider’s stock after acquiring an additional 459 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Fiserv were worth $679,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Aveo Capital Partners LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $309,000. 9258 Wealth Management LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $552,000. Assetmark Inc. bought a new position in Fiserv in the fourth quarter valued at approximately $826,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Fiserv during the 4th quarter worth $7,842,000. Finally, SageView Advisory Group LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $292,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP John Gibbons sold 18,890 shares of the firm’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 owns 28,323 shares in the company, valued at approximately $4,764,211.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,890 shares of company stock worth $36,572,057. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. B. Riley lifted their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, BTIG Research initiated coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.88.

Fiserv Trading Up 0.9 %

Shares of Fiserv stock opened at $179.27 on Tuesday. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $179.53. 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 business’s 50 day moving average is $166.70 and its 200-day moving average is $157.03. The stock has a market cap of $104.89 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.38 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the firm posted $1.81 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Fiserv Company 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.