Marquette Asset Management LLC Takes $304,000 Position in Fiserv, Inc. (NYSE:FI)

Marquette Asset Management LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,690 shares of the business services provider’s stock, valued at approximately $304,000.

Several other institutional investors have also bought and sold shares of FI. Norden Group LLC acquired a new position in shares of Fiserv during the 1st quarter valued at $2,359,000. BlueSpruce Investments LP bought a new stake in Fiserv in the fourth quarter worth about $646,368,000. ORG Partners LLC lifted its holdings in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 3,197 shares during the last quarter. ZRC Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter valued at about $32,000. Finally, Acadian Asset Management LLC boosted its position in shares of Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after purchasing an additional 44,776 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 1.6 %

NYSE:FI opened at $187.88 on Wednesday. The company has a market capitalization of $109.93 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.45 and a beta of 0.93. The stock’s 50 day moving average price is $171.16 and its 200 day moving average price is $159.05. 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 52 week low of $109.11 and a 52 week high of $188.85.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 EPS. On average, research analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FI shares. TD Cowen increased their target price on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Royal Bank of Canada restated an “outperform” rating and issued a $183.00 target price on shares of Fiserv in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Oppenheimer initiated coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.64.

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was 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 directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock valued at $36,572,057 over the last quarter. Insiders own 0.75% of the company’s stock.

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.