Fiserv, Inc. (NYSE:FI) Stock Holdings Increased by Valmark Advisers Inc.

Valmark Advisers Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI) by 37.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,995 shares of the business services provider’s stock after buying an additional 820 shares during the period. Valmark Advisers Inc.’s holdings in Fiserv were worth $538,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FI. Wellington Shields & Co. LLC bought a new position in Fiserv during the first quarter worth $25,000. Family Firm Inc. bought a new position in shares of Fiserv in the 2nd quarter worth about $31,000. Clean Yield Group boosted its holdings in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter valued at about $32,000. Finally, Cedar Mountain Advisors LLC lifted its holdings in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on FI shares. Oppenheimer initiated coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. Citigroup increased their target price on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Morgan Stanley boosted their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. BTIG Research initiated coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Insider Activity at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,890 shares of company stock worth $40,934,217 in the last quarter. 0.75% of the stock is owned by company insiders.

Fiserv Stock Down 0.6 %

NYSE FI opened at $199.80 on Thursday. The company has a market capitalization of $113.67 billion, a P/E ratio of 38.42, a PEG ratio of 1.53 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $113.11 and a 12 month high of $204.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. The company’s 50 day simple moving average is $182.64 and its 200 day simple moving average is $163.72.

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