Fiserv, Inc. (NYSE:FI) Position Boosted by Tidal Investments LLC

Tidal Investments LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,032 shares of the business services provider’s stock after purchasing an additional 3,236 shares during the period. Tidal Investments LLC’s holdings in Fiserv were worth $6,114,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Family Firm Inc. purchased a new stake in Fiserv in the 2nd quarter worth approximately $31,000. Clean Yield Group raised its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in Fiserv in the 3rd quarter worth about $40,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of FI stock opened at $204.66 on Friday. Fiserv, Inc. has a 12 month low of $131.41 and a 12 month high of $223.23. The company has a market capitalization of $116.43 billion, a P/E ratio of 39.36, a P/E/G ratio of 1.56 and a beta of 0.93. The stock has a 50 day moving average of $205.80 and a two-hundred day moving average of $176.96. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the business earned $1.96 earnings per share. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FI shares. Wells Fargo & Company lifted their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Compass Point assumed coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. TD Cowen raised their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Citigroup raised their target price on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $217.50.

Insider Activity at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock valued at $44,299,745 over the last quarter. 0.75% of the stock is owned by company insiders.

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.