Wolff Wiese Magana LLC Has $45,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Wolff Wiese Magana LLC boosted its stake in Fiserv, Inc. (NYSE:FI) by 904.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251 shares of the business services provider’s stock after purchasing an additional 226 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Fiserv were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter valued at approximately $25,000. Clean Yield Group increased its stake in 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 acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised 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 in the last quarter. ZRC Wealth Management LLC acquired a new position in Fiserv during the first quarter valued at approximately $32,000. Finally, Family Firm Inc. bought a new stake in Fiserv during the second quarter worth $31,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s 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 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 187,890 shares of company stock valued at $32,855,417 over the last quarter. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FI shares. Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, Oppenheimer began coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $184.38.

Fiserv Price Performance

Fiserv stock opened at $197.70 on Thursday. The stock’s 50 day moving average is $175.63 and its 200 day moving average is $160.65. Fiserv, Inc. has a one year low of $109.11 and a one year high of $197.89. The firm has a market cap of $115.67 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the business earned $1.81 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

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.