Advisor Resource Council Takes Position in Fiserv, Inc. (NYSE:FI)

Advisor Resource Council purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 3,380 shares of the business services provider's stock, valued at approximately $607,000.

Several other large investors have also recently made changes to their positions in the stock. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the first quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv during the 2nd quarter valued at $31,000. Clean Yield Group boosted its position in shares of 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 purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake 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. increased its position in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock valued at $39,000 after buying an additional 127 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the firm'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 value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction on Friday, September 20th. The shares were 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 owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 257,890 shares of company stock worth $46,968,117. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

FI has been the topic of a number of research analyst reports. TD Cowen boosted their price target on Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Mizuho lifted their price objective 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. Oppenheimer started coverage on Fiserv in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $203.00 target price on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Fiserv from $178.00 to $184.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $207.25.

Fiserv Price Performance

Shares of FI stock traded down $2.53 during trading hours on Thursday, hitting $208.67. 360,082 shares of the company's stock were exchanged, compared to its average volume of 2,480,814. Fiserv, Inc. has a fifty-two week low of $118.42 and a fifty-two week high of $211.98. The firm has a market cap of $118.72 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.54 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $185.93 and a two-hundred day moving average of $165.66.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm posted $1.96 earnings per share. The company's revenue was up 7.0% compared to the same quarter last year. Sell-side analysts forecast 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.