Intelligence Driven Advisers LLC Acquires 112 Shares of Fiserv, Inc. (NYSE:FI)

Intelligence Driven Advisers LLC increased its holdings in Fiserv, Inc. (NYSE:FI) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,793 shares of the business services provider’s stock after purchasing an additional 112 shares during the period. Intelligence Driven Advisers LLC’s holdings in Fiserv were worth $1,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FI. ORG Partners LLC boosted its holdings in shares of 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 buying an additional 3,197 shares during the period. Park Place Capital Corp boosted its holdings in Fiserv by 66.3% during 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 acquiring an additional 2,794 shares during the period. Radnor Capital Management LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $1,543,000. Acadian Asset Management LLC increased its stake in shares of Fiserv by 377.3% in the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after purchasing an additional 44,776 shares during the period. Finally, BDF Gestion acquired a new position in shares of Fiserv during the 2nd quarter worth about $2,981,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FI traded up $0.53 during midday trading on Thursday, hitting $213.71. The company had a trading volume of 63,587 shares, compared to its average volume of 2,469,231. Fiserv, Inc. has a twelve month low of $121.86 and a twelve month high of $215.50. The firm’s 50-day simple moving average is $189.77 and its 200-day simple moving average is $167.73. The company has a market capitalization of $121.58 billion, a PE ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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 firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. Equities research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 233,890 shares of company stock worth $43,008,837 over the last 90 days. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Robert W. Baird boosted their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Oppenheimer began coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price for the company. Four research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

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.