Schrum Private Wealth Management LLC Purchases Shares of 1,200 Fiserv, Inc. (NYSE:FI)

Schrum Private Wealth Management LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,200 shares of the business services provider’s stock, valued at approximately $216,000.

Other hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter valued at $25,000. Clean Yield Group grew its stake in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Family Firm Inc. acquired a new stake in Fiserv in the 2nd quarter worth approximately $31,000. Finally, Kennebec Savings Bank bought a new stake in Fiserv during the third quarter worth approximately $40,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’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 sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were 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 $525,916,949.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 233,890 shares of company stock worth $43,008,837. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.4 %

Shares of FI opened at $213.18 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $188.98 and a two-hundred day moving average price of $167.41. The stock has a market cap of $121.28 billion, a price-to-earnings ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92. Fiserv, Inc. has a 12 month low of $121.86 and a 12 month high of $215.50.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the company earned $1.96 EPS. Fiserv’s revenue was up 7.0% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird lifted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Royal Bank of Canada upped their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.