Fiserv, Inc. (NYSE:FI) Shares Bought by Unique Wealth LLC

Unique Wealth LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FIFree Report) by 34.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,656 shares of the business services provider’s stock after acquiring an additional 1,960 shares during the period. Unique Wealth LLC’s holdings in Fiserv were worth $1,223,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hollencrest Capital Management raised its holdings in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the period. West Oak Capital LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. GW&K Investment Management LLC acquired a new position in Fiserv during the 4th quarter valued at approximately $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new position in Fiserv during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FI shares. Citigroup lifted their target price on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI reissued an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. B. Riley boosted their price objective on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Stephens reissued an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

Check Out Our Latest Analysis on FI

Fiserv Stock Performance

Shares of NYSE FI traded down $0.15 during trading hours on Friday, hitting $149.79. 6,996,585 shares of the company’s stock were exchanged, compared to its average volume of 2,034,984. The company’s 50-day moving average price is $150.62 and its 200-day moving average price is $146.51. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $87.64 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.21 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

Fiserv (NYSE:FIGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock worth $7,611,991 in the last three months. 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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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