Daymark Wealth Partners LLC Boosts Holdings in Fiserv, Inc. (NYSE:FI)

Daymark Wealth Partners LLC grew its position in Fiserv, Inc. (NYSE:FI) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,581 shares of the business services provider’s stock after acquiring an additional 462 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Fiserv were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kimelman & Baird LLC purchased a new stake in shares of Fiserv in the second quarter worth approximately $60,000. Public Sector Pension Investment Board increased its stake in Fiserv by 62.6% in the second quarter. Public Sector Pension Investment Board now owns 21,739 shares of the business services provider’s stock worth $3,240,000 after purchasing an additional 8,369 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of Fiserv by 14.8% during the second quarter. Insigneo Advisory Services LLC now owns 3,263 shares of the business services provider’s stock worth $505,000 after purchasing an additional 420 shares during the last quarter. Fred Alger Management LLC boosted its stake in shares of Fiserv by 15,635.5% during the second quarter. Fred Alger Management LLC now owns 62,470 shares of the business services provider’s stock valued at $9,311,000 after purchasing an additional 62,073 shares during the period. Finally, AlTi Global Inc. grew its holdings in shares of Fiserv by 538.4% in the second quarter. AlTi Global Inc. now owns 8,005 shares of the business services provider’s stock worth $1,193,000 after purchasing an additional 6,751 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on FI. Royal Bank of Canada boosted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Transactions at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $206.35 on Friday. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $117.40 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 1.37 and a beta of 0.94. The stock’s 50-day simple moving average is $209.15 and its 200-day simple moving average is $188.28.

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

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.