Fiserv, Inc. (NYSE:FI) Shares Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC lowered its position in Fiserv, Inc. (NYSE:FI) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,930 shares of the business services provider’s stock after selling 75 shares during the period. Outlook Wealth Advisors LLC’s holdings in Fiserv were worth $706,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FI. Allworth Financial LP lifted its stake in Fiserv by 11.9% in the 3rd quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after buying an additional 510 shares in the last quarter. Convergence Financial LLC lifted its stake in Fiserv by 61.1% in the 3rd quarter. Convergence Financial LLC now owns 7,923 shares of the business services provider’s stock valued at $1,423,000 after buying an additional 3,006 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Fiserv by 84.3% in the 3rd quarter. Mediolanum International Funds Ltd now owns 202,231 shares of the business services provider’s stock valued at $36,014,000 after buying an additional 92,490 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in Fiserv by 1.5% in the 3rd quarter. Lake Street Advisors Group LLC now owns 6,494 shares of the business services provider’s stock valued at $1,167,000 after buying an additional 95 shares in the last quarter. Finally, Financial Partners Group LLC purchased a new stake in Fiserv in the 3rd quarter valued at approximately $227,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 1.9 %

Shares of Fiserv stock opened at $199.52 on Friday. The business has a 50-day moving average of $180.04 and a 200-day moving average of $162.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $116.74 billion, a PE ratio of 37.29, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $111.53 and a 1-year high of $204.50.

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

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. 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 worth $40,934,217 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Citigroup upped their target price on Fiserv from $187.00 to $226.00 in a research note on Tuesday. Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets increased their price target on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Robert W. Baird increased their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada increased their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $204.38.

Fiserv 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.