1,212 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,212 shares of the business services provider’s stock, valued at approximately $218,000.

Other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in Fiserv by 5.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,590 shares of the business services provider’s stock valued at $4,261,000 after buying an additional 1,487 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Fiserv by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 217,132 shares of the business services provider’s stock worth $32,361,000 after purchasing an additional 12,285 shares during the period. Triad Wealth Partners LLC acquired a new position in Fiserv during the 2nd quarter valued at about $44,000. Miracle Mile Advisors LLC boosted its stake in shares of Fiserv by 4.8% in the 2nd quarter. Miracle Mile Advisors LLC now owns 7,918 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 365 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Fiserv by 91.3% during the 2nd quarter. Blue Trust Inc. now owns 1,848 shares of the business services provider’s stock worth $295,000 after buying an additional 882 shares during the period. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. KeyCorp raised their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Compass Point assumed coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. BTIG Research started coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Finally, TD Cowen upped their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.50.

Insiders Place Their Bets

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on 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 owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock valued at $44,299,745 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Up 0.0 %

Fiserv stock traded up $0.06 during mid-day trading on Friday, reaching $204.91. The company’s stock had a trading volume of 434,140 shares, compared to its average volume of 2,521,012. The business’s 50 day simple moving average is $205.41 and its 200 day simple moving average is $176.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 12 month low of $131.41 and a 12 month high of $223.23. The company has a market capitalization of $116.58 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93.

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

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.