USA Financial Formulas Takes $803,000 Position in Fiserv, Inc. (NYSE:FI)

USA Financial Formulas purchased a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,909 shares of the business services provider’s stock, valued at approximately $803,000.

A number of other hedge funds have also added to or reduced their stakes in FI. Clean Yield Group grew its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Kennebec Savings Bank bought a new position in Fiserv in the third quarter valued at $40,000. Friedenthal Financial purchased a new stake in Fiserv during the fourth quarter valued at about $49,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the third quarter worth about $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FI. KeyCorp raised their price objective on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Tigress Financial boosted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Stephens reissued an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Finally, BMO Capital Markets raised their price objective on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $223.17.

Fiserv Stock Performance

Shares of FI stock opened at $204.12 on Thursday. Fiserv, Inc. has a 12 month low of $135.97 and a 12 month high of $223.23. The company’s fifty day moving average price is $209.69 and its 200-day moving average price is $186.07. The stock has a market cap of $116.13 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Fiserv Company Profile

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.