1,728 Shares in Fiserv, Inc. (NYSE:FI) Acquired by 1834 Investment Advisors Co.

1834 Investment Advisors Co. purchased a new position in Fiserv, Inc. (NYSE:FI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,728 shares of the business services provider’s stock, valued at approximately $310,000.

A number of other large investors also recently added to or reduced their stakes in the business. Quent Capital LLC raised its holdings in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $493,000. FDx Advisors Inc. raised its holdings in shares of Fiserv by 5.0% during the 1st quarter. FDx Advisors Inc. now owns 2,554 shares of the business services provider’s stock worth $408,000 after acquiring an additional 122 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Fiserv by 7.3% during the 1st quarter. Advisory Services Network LLC now owns 27,157 shares of the business services provider’s stock valued at $4,340,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of Fiserv by 3.4% during the 1st quarter. Empirical Finance LLC now owns 21,597 shares of the business services provider’s stock valued at $3,452,000 after purchasing an additional 716 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on FI. The Goldman Sachs Group boosted their target price on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Citigroup increased their price target on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 directly owns 28,323 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $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 available through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,890 shares of company stock worth $46,968,117. 0.75% of the stock is owned by insiders.

Fiserv Trading Up 4.0 %

Fiserv stock opened at $211.20 on Thursday. The stock has a 50-day moving average of $185.93 and a two-hundred day moving average of $165.66. 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 one year low of $118.42 and a one year high of $211.98. The stock has a market cap of $120.16 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company 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 posted $1.96 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.