Stonebrook Private Inc. Purchases 112 Shares of Fiserv, Inc. (NYSE:FI)

Stonebrook Private Inc. increased its position in Fiserv, Inc. (NYSE:FI) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,068 shares of the business services provider’s stock after buying an additional 112 shares during the period. Stonebrook Private Inc.’s holdings in Fiserv were worth $1,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. Waypoint Capital Advisors LLC increased its stake in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares during the last quarter. Optas LLC boosted its holdings in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after purchasing an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC increased its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the last quarter. Covestor Ltd raised its holdings in Fiserv by 7.6% during the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after buying an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. lifted its position in shares of Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after buying an additional 61 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $221.56 on Friday. 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 company has a 50-day moving average of $195.77 and a 200-day moving average of $170.75. Fiserv, Inc. has a 52 week low of $125.42 and a 52 week high of $222.05. The company has a market capitalization of $126.05 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.66 and a beta of 0.92.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. UBS Group lifted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird boosted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.29.

Insider Buying and Selling at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock worth $44,299,745 over the last three months. Company insiders own 0.75% of the company’s stock.

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.