Fiserv, Inc. (NYSE:FI) Shares Bought by Sawyer & Company Inc

Sawyer & Company Inc grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,568 shares of the business services provider’s stock after purchasing an additional 180 shares during the period. Sawyer & Company Inc’s holdings in Fiserv were worth $2,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Presilium Private Wealth LLC increased its stake in Fiserv by 6.9% in the 4th quarter. Presilium Private Wealth LLC now owns 1,283 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 83 shares in the last quarter. M. Kraus & Co increased its position in shares of Fiserv by 0.7% in the fourth quarter. M. Kraus & Co now owns 46,247 shares of the business services provider’s stock valued at $9,500,000 after buying an additional 300 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Fiserv during the 4th quarter worth $94,000. Park Avenue Securities LLC grew its stake in Fiserv by 30.4% in the 4th quarter. Park Avenue Securities LLC now owns 20,367 shares of the business services provider’s stock valued at $4,184,000 after acquiring an additional 4,745 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its holdings in Fiserv by 7.5% during the 4th quarter. Kathmere Capital Management LLC now owns 1,294 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 90 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE FI opened at $204.12 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $135.97 and a 1-year high of $223.23. The company has a market capitalization of $116.13 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.56 and a beta of 0.94. The business has a 50-day moving average of $209.69 and a 200-day moving average of $186.07.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company 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 earnings per share. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FI shares. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Compass Point assumed coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. BMO Capital Markets boosted their price target on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Royal Bank of Canada raised their price objective on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $223.17.

Insiders Place Their Bets

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were 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 owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock worth $18,581,095 in the last quarter. 0.75% of the stock is owned by corporate 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.