1,870 Shares in Fiserv, Inc. (NYSE:FI) Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,870 shares of the business services provider’s stock, valued at approximately $336,000.

A number of other hedge funds have also bought and sold shares of FI. Quent Capital LLC increased its position in Fiserv by 5.9% during the first 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 during the period. Acadian Asset Management LLC grew its stake in Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after buying an additional 44,776 shares in the last quarter. Covestor Ltd grew its stake in Fiserv by 23.0% during the first quarter. Covestor Ltd now owns 862 shares of the business services provider’s stock worth $138,000 after buying an additional 161 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Fiserv by 45.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 55,109 shares of the business services provider’s stock worth $8,808,000 after buying an additional 17,280 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in Fiserv by 186.5% during the first quarter. UniSuper Management Pty Ltd now owns 14,330 shares of the business services provider’s stock worth $2,290,000 after buying an additional 9,328 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday. The Goldman Sachs Group increased their price objective on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Mizuho increased their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Stephens raised their price target on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, UBS Group raised their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.52.

Fiserv Stock Up 0.9 %

Fiserv stock opened at $212.77 on Tuesday. 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 $121.86 and a 52-week high of $215.50. The firm has a 50 day moving average price of $192.16 and a two-hundred day moving average price of $169.12. The firm has a market cap of $121.05 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 1.61 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the business earned $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John Gibbons sold 18,890 shares of Fiserv 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 owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 40.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 254,711 shares of company stock worth $47,477,232. 0.75% of the stock is currently owned by insiders.

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.