Farther Finance Advisors LLC Purchases 326 Shares of Fiserv, Inc. (NYSE:FI)

Farther Finance Advisors LLC increased its position in shares of Fiserv, Inc. (NYSE:FI) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,782 shares of the business services provider’s stock after purchasing an additional 326 shares during the period. Farther Finance Advisors LLC’s holdings in Fiserv were worth $1,398,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. J.W. Cole Advisors Inc. boosted its position in shares of Fiserv by 21.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 1,949 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 348 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Fiserv by 4.0% during the first quarter. Private Advisor Group LLC now owns 19,940 shares of the business services provider’s stock valued at $3,187,000 after purchasing an additional 776 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Fiserv by 6.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,865 shares of the business services provider’s stock valued at $10,207,000 after purchasing an additional 3,666 shares during the period. Quent Capital LLC raised its holdings in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after buying an additional 68 shares in the last quarter. Finally, Haverford Trust Co bought a new position in shares of Fiserv during the 1st quarter worth approximately $201,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI stock opened at $202.05 on Monday. The firm’s 50 day moving average price is $183.87 and its two-hundred day moving average price is $164.58. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 52-week low of $114.32 and a 52-week high of $204.50. The stock has a market cap of $114.95 billion, a PE ratio of 38.86, a PEG ratio of 1.51 and a beta of 0.92.

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

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s 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 sale, the director now directly owns 76,180 shares in the company, 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 a total of 257,890 shares of company stock valued at $46,968,117 in the last ninety days. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Robert W. Baird upped their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Morgan Stanley lifted their target price on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

About Fiserv

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.