Ashton Thomas Private Wealth LLC Purchases 3,290 Shares of Fiserv, Inc. (NYSE:FI)

Ashton Thomas Private Wealth LLC increased its position in Fiserv, Inc. (NYSE:FI) by 24.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,539 shares of the business services provider’s stock after acquiring an additional 3,290 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Fiserv were worth $2,971,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Fiserv by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after acquiring an additional 1,306,901 shares during the period. Capital World Investors lifted its holdings in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S bought a new position in shares of Fiserv in the third quarter valued at approximately $172,993,000. Manning & Napier Advisors LLC purchased a new position in Fiserv during the second quarter valued at approximately $105,031,000. Finally, American Century Companies Inc. boosted its holdings in Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after purchasing an additional 471,531 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on FI shares. Wells Fargo & Company upped their price target on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays upped their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Price Performance

NYSE FI opened at $213.98 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $121.07 and a 1-year high of $215.45. The stock has a market capitalization of $121.74 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 1.64 and a beta of 0.92. The business’s fifty day moving average price is $188.18 and its 200-day moving average price is $167.00.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company earned $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction 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 approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,890 shares of company stock valued at $46,968,117 over the last 90 days. Company 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.