Financial Partners Group LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

by · The Cerbat Gem

Financial Partners Group LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,264 shares of the business services provider’s stock, valued at approximately $227,000.

Several other institutional investors have also modified their holdings of FI. Busey Bank raised its stake in Fiserv by 0.5% in the third quarter. Busey Bank now owns 99,941 shares of the business services provider’s stock valued at $17,954,000 after buying an additional 488 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in Fiserv by 26.0% in the third quarter. Moody Lynn & Lieberson LLC now owns 4,385 shares of the business services provider’s stock valued at $788,000 after purchasing an additional 905 shares during the last quarter. Cross Staff Investments Inc acquired a new stake in Fiserv during the 3rd quarter worth $216,000. Investment Research & Advisory Group Inc. lifted its holdings in shares of Fiserv by 1.1% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 19,869 shares of the business services provider’s stock valued at $3,569,000 after purchasing an additional 211 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Fiserv by 46.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,867 shares of the business services provider’s stock worth $874,000 after buying an additional 1,542 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday. Jefferies Financial Group lifted their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. TD Cowen lifted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.08.

View Our Latest Stock Analysis on FI

Fiserv Stock Performance

Shares of NYSE:FI opened at $203.26 on Friday. The company has a market cap of $118.93 billion, a P/E ratio of 37.99, a PEG ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a one year low of $111.53 and a one year high of $204.50. The business’s 50-day simple moving average is $179.29 and its 200 day simple moving average is $162.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI – Get Free Report) last released its quarterly 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 16.41% and a net margin of 17.45%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,890 shares of company stock worth $40,934,217. Insiders own 0.75% of the company’s stock.

Fiserv Profile

(Free Report)

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.

Read More