Fiserv, Inc. (NYSE:FI) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its position in Fiserv, Inc. (NYSE:FI) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,163 shares of the business services provider’s stock after acquiring an additional 1,048 shares during the period. Fiserv comprises approximately 0.7% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Verdence Capital Advisors LLC’s holdings in Fiserv were worth $9,191,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Shields & Co. LLC purchased a new stake in Fiserv in the first quarter valued at $25,000. Family Firm Inc. acquired a new stake in shares of Fiserv during the second quarter worth about $31,000. Clean Yield Group boosted its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its holdings in shares of Fiserv by 42.5% in 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the 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 completion of the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $3,177,486.90. Following the completion of the sale, 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 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 three months. 0.75% of the stock is currently owned by company insiders.

Fiserv Price Performance

Shares of NYSE:FI opened at $210.79 on Friday. Fiserv, Inc. has a one year low of $118.42 and a one year high of $212.84. The stock has a market capitalization of $119.92 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 1.61 and a beta of 0.92. The company has a 50-day simple moving average of $187.37 and a 200-day simple moving average of $166.39. 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 (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating 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 the consensus estimate of $4.90 billion. During the same period in the prior year, the business earned $1.96 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. B. Riley lifted their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Four investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $207.25.

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.