RDA Financial Network Acquires 7,619 Shares of Fiserv, Inc. (NYSE:FI)

RDA Financial Network boosted its holdings in Fiserv, Inc. (NYSE:FI) by 103.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,951 shares of the business services provider’s stock after acquiring an additional 7,619 shares during the period. Fiserv accounts for 0.9% of RDA Financial Network’s holdings, making the stock its 26th biggest position. RDA Financial Network’s holdings in Fiserv were worth $3,071,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FI. Empirical Asset Management LLC bought a new stake in shares of Fiserv during the fourth quarter worth approximately $12,843,000. Central Valley Advisors LLC boosted its stake in Fiserv by 0.5% in the 4th quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock valued at $2,326,000 after purchasing an additional 57 shares during the period. Fermata Advisors LLC grew its holdings in Fiserv by 10.7% in the 4th quarter. Fermata Advisors LLC now owns 1,323 shares of the business services provider’s stock valued at $272,000 after buying an additional 128 shares in the last quarter. Cypress Wealth Services LLC increased its position in Fiserv by 6.1% during the 4th quarter. Cypress Wealth Services LLC now owns 1,318 shares of the business services provider’s stock worth $271,000 after buying an additional 76 shares during the period. Finally, Retireful LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $712,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $206.21 on Friday. The firm has a market capitalization of $117.32 billion, a P/E ratio of 39.66, a P/E/G ratio of 1.32 and a beta of 0.94. The firm’s 50-day moving average price is $209.55 and its 200-day moving average price is $186.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1-year low of $136.48 and a 1-year high of $223.23.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on FI. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Tigress Financial increased their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price target on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Activity at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was 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 approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is owned by corporate insiders.

Fiserv 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.