RDA Financial Network Has $1.32 Million Holdings in Fiserv, Inc. (NYSE:FI)

RDA Financial Network boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,332 shares of the business services provider’s stock after acquiring an additional 262 shares during the period. RDA Financial Network’s holdings in Fiserv were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in Fiserv in the 1st quarter valued at $2,359,000. ORG Partners LLC grew its holdings in shares of Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 3,197 shares in the last quarter. ZRC Wealth Management LLC bought a new position in Fiserv in the first quarter valued at approximately $32,000. Park Place Capital Corp grew its stake in shares of Fiserv by 66.3% in the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after buying an additional 2,794 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Fiserv by 377.3% in the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after acquiring an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FI shares. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Oppenheimer started coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Finally, BMO Capital Markets upped their price objective on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned 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 price target of $180.64.

Fiserv Price Performance

Shares of FI traded up $1.13 during mid-day trading on Tuesday, reaching $194.36. The company had a trading volume of 2,141,205 shares, compared to its average volume of 2,449,589. The company has a market capitalization of $113.72 billion, a price-to-earnings ratio of 36.46, 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 quick ratio of 1.06 and a current ratio of 1.06. The company’s 50 day simple moving average is $174.07 and its 200 day simple moving average is $160.15. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $195.83.

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

Insider Buying and Selling

In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the business’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 sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 187,890 shares of company stock worth $32,855,417 in the last 90 days. 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.