Maxwell Wealth Strategies Inc. Acquires 2,869 Shares of Fiserv, Inc. (NYSE:FI)

Maxwell Wealth Strategies Inc. raised its position in Fiserv, Inc. (NYSE:FI - Free Report) by 23.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,009 shares of the business services provider's stock after buying an additional 2,869 shares during the quarter. Fiserv comprises about 1.2% of Maxwell Wealth Strategies Inc.'s portfolio, making the stock its 28th largest position. Maxwell Wealth Strategies Inc.'s holdings in Fiserv were worth $2,696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the 1st quarter valued at approximately $25,000. Clean Yield Group grew its stake in shares of 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 buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Fiserv by 42.5% during the third 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. Family Firm Inc. acquired a new position in shares of Fiserv during the second quarter worth $31,000. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter valued at $40,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares of the company's stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company's stock, valued at $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 quarter, insiders sold 254,711 shares of company stock worth $47,477,232. Insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FI. The Goldman Sachs Group upped their target price on Fiserv from $188.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. B. Riley lifted their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. William Blair raised shares of Fiserv to a "strong-buy" rating in a report on Wednesday, July 24th. UBS Group raised their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Stephens boosted their price objective on shares of Fiserv from $170.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Four 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, the stock has an average rating of "Moderate Buy" and an average price target of $207.25.

Fiserv Stock Up 0.0 %

Fiserv stock traded up $0.07 during mid-day trading on Friday, reaching $210.92. The stock had a trading volume of 2,279,330 shares, compared to its average volume of 2,478,375. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $215.50. The stock's 50-day simple moving average is $191.36 and its 200-day simple moving average is $168.43. The firm has a market capitalization of $120.00 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted $1.96 EPS. Fiserv's quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal 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.