Fiserv, Inc. (NYSE:FI) Stock Position Decreased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its position in Fiserv, Inc. (NYSE:FI) by 3.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 53,588 shares of the business services provider’s stock after selling 2,101 shares during the quarter. Fiserv accounts for about 0.9% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 25th biggest holding. Marks Group Wealth Management Inc’s holdings in Fiserv were worth $9,627,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the 1st quarter worth about $25,000. Clean Yield Group boosted its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its holdings in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Fiserv in the second quarter worth $31,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock valued at $46,968,117 over the last three months. 0.75% of the stock is owned by insiders.

Fiserv Trading Up 1.1 %

Shares of FI opened at $203.00 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $115.49 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 1.54 and a beta of 0.92. The stock has a fifty day moving average price of $185.14 and a two-hundred day moving average price of $165.34. Fiserv, Inc. has a 52-week low of $118.42 and a 52-week high of $204.50.

Fiserv (NYSE:FI) last released its quarterly 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the subject of a number of research analyst reports. William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Citigroup increased their target price on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. KeyCorp lifted their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays upped their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada boosted their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

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.