Mediolanum International Funds Ltd Acquires 92,490 Shares of Fiserv, Inc. (NYSE:FI)

Mediolanum International Funds Ltd raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 84.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,231 shares of the business services provider’s stock after acquiring an additional 92,490 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Fiserv were worth $36,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waypoint Capital Advisors LLC increased its holdings in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Atwood & Palmer Inc. increased its holdings in shares of Fiserv by 6.6% in the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after purchasing an additional 66 shares during the period. Quent Capital LLC increased its holdings in shares of Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares during the period. Finally, Fielder Capital Group LLC increased its holdings in shares of Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after purchasing an additional 68 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,890 shares of company stock valued at $40,934,217 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.5 %

FI stock traded down $1.06 during trading on Friday, reaching $202.23. The company had a trading volume of 456,196 shares, compared to its average volume of 2,472,291. Fiserv, Inc. has a 52 week low of $111.53 and a 52 week high of $204.50. The company has a market cap of $118.33 billion, a P/E ratio of 37.99, a PEG ratio of 1.44 and a beta of 0.93. The business has a 50 day moving average of $179.29 and a 200 day moving average of $162.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. Fiserv’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on FI. Citigroup upped their price target on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday. JPMorgan Chase & Co. increased their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday. BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. KeyCorp increased their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, BMO Capital Markets increased their target price on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $202.08.

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.