CreativeOne Wealth LLC Buys 2,360 Shares of Fiserv, Inc. (NYSE:FI)

CreativeOne Wealth LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 38.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 8,450 shares of the business services provider’s stock after acquiring an additional 2,360 shares during the period. CreativeOne Wealth LLC’s holdings in Fiserv were worth $1,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter valued at about $25,000. West Oak Capital LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv during the fourth quarter valued at $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in Fiserv during the fourth quarter worth $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 2.2 %

Shares of NYSE FI traded up $3.48 during midday trading on Friday, hitting $159.49. 1,578,386 shares of the stock traded hands, compared to its average volume of 2,515,566. The company has a market cap of $93.32 billion, a PE ratio of 29.16, a P/E/G ratio of 1.30 and a beta of 0.92. Fiserv, Inc. has a one year low of $109.11 and a one year high of $162.47. The business has a 50 day moving average price of $151.15 and a two-hundred day moving average price of $149.67. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last announced 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 return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. Fiserv’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on FI. Barclays boosted their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. B. Riley raised their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Finally, UBS Group upped their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $170.19.

Insiders Place Their Bets

In other news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,800 shares of company stock valued at $7,696,448. Insiders own 0.75% of the company’s stock.

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.