Fiserv, Inc. (NYSE:FI) Holdings Lifted by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. boosted its holdings in Fiserv, Inc. (NYSE:FI) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,869 shares of the business services provider’s stock after acquiring an additional 211 shares during the quarter. Fiserv comprises about 1.5% of Investment Research & Advisory Group Inc.’s investment portfolio, making the stock its 21st biggest holding. Investment Research & Advisory Group Inc.’s holdings in Fiserv were worth $3,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FI. Wellington Management Group LLP acquired a new position in shares of Fiserv in the 4th quarter worth $3,292,000. Dynamic Advisor Solutions LLC raised its holdings in Fiserv by 5.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock worth $1,361,000 after buying an additional 413 shares during the period. Brookstone Capital Management lifted its stake in Fiserv by 313.1% during the first quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock valued at $4,277,000 after buying an additional 20,282 shares in the last quarter. Aspiriant LLC acquired a new position in shares of Fiserv in the first quarter worth about $238,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Fiserv in the first quarter worth approximately $254,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FI shares. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. BMO Capital Markets upped their price target on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Susquehanna raised their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Finally, Morgan Stanley upped their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Four 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. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.08.

Fiserv Stock Up 0.4 %

FI stock opened at $203.26 on Friday. The firm has a market capitalization of $118.93 billion, a PE ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $111.53 and a twelve month high of $204.50. The stock’s 50 day moving average is $179.29 and its 200-day moving average is $162.09.

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, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS. Sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on 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 owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,890 shares of company stock worth $40,934,217 in the last quarter. 0.75% of the stock is owned by company 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.