Sargent Investment Group LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 132.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,595 shares of the business services provider’s stock after buying an additional 2,615 shares during the quarter. Sargent Investment Group LLC’s holdings in Fiserv were worth $685,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of FI. Norden Group LLC bought a new stake in Fiserv in the 1st quarter valued at about $2,359,000. BlueSpruce Investments LP acquired a new stake in Fiserv during the fourth quarter worth approximately $646,368,000. ORG Partners LLC increased its stake in Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after acquiring an additional 3,197 shares during the period. TD Asset Management Inc acquired a new position in Fiserv in the 4th quarter valued at $39,137,000. Finally, ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $32,000. Institutional investors own 90.98% of the company’s stock.
Fiserv Stock Performance
NYSE:FI opened at $175.35 on Tuesday. The firm has a market capitalization of $102.60 billion, a P/E ratio of 32.78, a P/E/G ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $176.48. The company has a fifty day moving average of $164.18 and a 200-day moving average of $156.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.
Analyst Ratings Changes
A number of research analysts recently commented on FI shares. KeyCorp boosted their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada lifted their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. BTIG Research initiated coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price for the company. Finally, TD Cowen lifted their price target on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Six 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 stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $174.32.
Read Our Latest Stock Analysis on FI
Insider Activity
In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of 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. Insiders sold 66,890 shares of company stock worth $10,853,407 over the last three months. 0.75% of the stock is currently owned by insiders.
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.
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