Friedenthal Financial Acquires Shares of 240 Fiserv, Inc. (NYSE:FI)

Friedenthal Financial bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 240 shares of the business services provider’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kimelman & Baird LLC acquired a new stake in Fiserv during the 2nd quarter worth $60,000. Oppenheimer & Co. Inc. grew its holdings in shares of Fiserv by 79.2% during the second quarter. Oppenheimer & Co. Inc. now owns 10,395 shares of the business services provider’s stock worth $1,549,000 after buying an additional 4,594 shares during the last quarter. Federated Hermes Inc. increased its position in Fiserv by 160.3% in the 2nd quarter. Federated Hermes Inc. now owns 151,647 shares of the business services provider’s stock valued at $22,601,000 after acquiring an additional 93,393 shares during the period. Parallel Advisors LLC lifted its position in Fiserv by 21.5% during the 2nd quarter. Parallel Advisors LLC now owns 5,416 shares of the business services provider’s stock worth $807,000 after acquiring an additional 959 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Fiserv by 16.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,267 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 318 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. Citigroup upped their price target on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Mizuho raised their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. KeyCorp boosted their price target on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three equities 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.88.

Insiders Place Their Bets

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $201.63 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $114.71 billion, a PE ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94. The firm has a 50 day simple moving average of $209.66 and a 200-day simple moving average of $185.68. Fiserv, Inc. has a 1-year low of $135.97 and a 1-year high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm posted $1.96 EPS. Fiserv’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current 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.