Synergy Asset Management LLC Boosts Stake in Fiserv, Inc. (NYSE:FI)

Synergy Asset Management LLC lifted its holdings in Fiserv, Inc. (NYSE:FI) by 24.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,980 shares of the business services provider’s stock after buying an additional 1,558 shares during the quarter. Synergy Asset Management LLC’s holdings in Fiserv were worth $1,189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FI. Norden Group LLC acquired a new position in Fiserv during the first quarter worth $2,359,000. BlueSpruce Investments LP acquired a new position in Fiserv during the fourth quarter worth $646,368,000. ORG Partners LLC raised its holdings in Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after purchasing an additional 3,197 shares during the last quarter. TD Asset Management Inc acquired a new position in Fiserv during the fourth quarter worth $39,137,000. Finally, Thompson Siegel & Walmsley LLC acquired a new position in Fiserv during the fourth quarter worth $88,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the business’s 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 completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,690 shares of company stock valued at $14,833,215. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FI. Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. BMO Capital Markets lifted their price objective on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a report on Thursday. TD Cowen boosted their price target on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Trading Up 0.1 %

FI stock traded up $0.16 during trading on Friday, reaching $172.67. 86,528 shares of the stock traded hands, compared to its average volume of 2,458,851. The business’s 50 day moving average price is $160.87 and its 200-day moving average price is $154.84. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $175.47. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $101.03 billion, a PE ratio of 32.24, a P/E/G ratio of 1.41 and a beta of 0.93.

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