Fiserv, Inc. (NYSE:FI) Shares Purchased by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 23.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,009 shares of the business services provider’s stock after acquiring an additional 2,869 shares during the quarter. Fiserv accounts for about 1.2% of Maxwell Wealth Strategies Inc.’s investment portfolio, making the stock its 28th biggest position. Maxwell Wealth Strategies Inc.’s holdings in Fiserv were worth $2,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter worth about $25,000. Family Firm Inc. bought a new stake in Fiserv in the second quarter valued at about $31,000. Clean Yield Group raised its stake in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Tigress Financial upped their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Mizuho boosted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer initiated coverage on shares of Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Finally, BMO Capital Markets increased their price target on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction 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 $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FI opened at $210.92 on Friday. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50. The stock has a market capitalization of $120.00 billion, a P/E ratio of 40.56, a P/E/G ratio of 1.63 and a beta of 0.92. The firm’s 50 day moving average is $191.36 and its 200-day moving average is $168.43. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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

Fiserv 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.