Ellenbecker Investment Group Has $3.23 Million Holdings in Fiserv, Inc. (NYSE:FI)

Ellenbecker Investment Group lowered its stake in Fiserv, Inc. (NYSE:FI) by 10.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,992 shares of the business services provider’s stock after selling 2,140 shares during the period. Fiserv makes up 0.6% of Ellenbecker Investment Group’s investment portfolio, making the stock its 19th biggest position. Ellenbecker Investment Group’s holdings in Fiserv were worth $3,232,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Atwood & Palmer Inc. increased its stake in Fiserv by 6.6% in the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 66 shares in the last quarter. Cooper Financial Group increased its stake in Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares during the last quarter. Finally, Fielder Capital Group LLC grew its holdings in shares of Fiserv by 3.3% during the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $195.77 on Friday. The firm has a market cap of $114.55 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $198.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $176.34 and its two-hundred day simple moving average is $160.90.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. KeyCorp lifted their price objective on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Finally, BTIG Research began coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $186.46.

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents 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 187,890 shares of company stock valued at $32,855,417 in the last quarter. Insiders own 0.75% of the company’s stock.

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.