Fiserv, Inc. (NYSE:FI) Shares Acquired by Wright Investors Service Inc.

Wright Investors Service Inc. increased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 97.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,175 shares of the business services provider's stock after acquiring an additional 3,054 shares during the quarter. Wright Investors Service Inc.'s holdings in Fiserv were worth $920,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $25,000. ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv during the fourth quarter worth about $27,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv in the 4th quarter worth about $27,000. Finally, Family Firm Inc. bought a new stake in Fiserv in the 2nd quarter valued at about $31,000. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 1.0 %

NYSE FI traded up $1.67 on Wednesday, hitting $171.84. 1,994,274 shares of the company were exchanged, compared to its average volume of 2,485,139. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $172.60. The firm has a market capitalization of $100.54 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The company's 50 day moving average price is $157.53 and its 200-day moving average price is $153.60.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the firm posted $1.81 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value 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 $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the business's stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders sold 93,690 shares of company stock worth $14,833,215 over the last quarter. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Fiserv from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. KeyCorp raised their target price on Fiserv from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. Morgan Stanley raised Fiserv from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. BTIG Research began coverage on Fiserv in a research note on Wednesday. They issued a "buy" rating and a $200.00 price target for the company. Finally, Mizuho lifted their price objective on shares of Fiserv from $156.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, May 21st. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $174.32.

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.

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