Fiserv, Inc. (NYSE:FI) Shares Bought by Unique Wealth LLC

Unique Wealth LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 18.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,715 shares of the business services provider’s stock after purchasing an additional 1,840 shares during the quarter. Unique Wealth LLC’s holdings in Fiserv were worth $2,105,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the 1st quarter valued at about $25,000. ZRC Wealth Management LLC purchased a new position in Fiserv in the first quarter worth approximately $32,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. Family Firm Inc. acquired a new stake in shares of Fiserv in the 2nd quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Fiserv during the 1st quarter worth $37,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock worth $36,572,057 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FI has been the topic of a number of analyst reports. B. Riley raised their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. William Blair raised Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. BTIG Research started coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.64.

Fiserv Stock Performance

NYSE:FI opened at $183.36 on Friday. The firm’s fifty day simple moving average is $170.20 and its 200-day simple moving average is $158.56. 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 $107.28 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $183.56.

Fiserv (NYSE:FI) last issued its earnings results 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 company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the company posted $1.81 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

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.