Creative Planning Purchases 6,649 Shares of Fiserv, Inc. (NYSE:FI)

Creative Planning lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,405 shares of the business services provider’s stock after acquiring an additional 6,649 shares during the period. Creative Planning’s holdings in Fiserv were worth $26,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CX Institutional boosted its stake in Fiserv by 16.4% in the third quarter. CX Institutional now owns 56,440 shares of the business services provider’s stock valued at $10,139,000 after buying an additional 7,943 shares in the last quarter. Harrell Investment Partners LLC boosted its stake in shares of Fiserv by 0.8% in the 3rd quarter. Harrell Investment Partners LLC now owns 14,297 shares of the business services provider’s stock valued at $2,568,000 after purchasing an additional 113 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at approximately $1,294,000. ORG Wealth Partners LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $142,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Fiserv by 0.7% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 176,929 shares of the business services provider’s stock valued at $31,785,000 after purchasing an additional 1,190 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FI shares. B. Riley boosted their target price 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. JPMorgan Chase & Co. upped their target price on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Stephens upped their price objective on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Oppenheimer assumed coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.92.

Fiserv Stock Performance

NYSE:FI opened at $197.29 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $198.86. The company has a fifty day moving average of $177.05 and a 200-day moving average of $161.21. The firm has a market capitalization of $115.43 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.44 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 for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion during 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%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

Insider Buying and Selling

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, 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 through this hyperlink. In related 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 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 approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is owned by company insiders.

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.