8,588 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,588 shares of the business services provider's stock, valued at approximately $1,543,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. 1834 Investment Advisors Co. purchased a new position in Fiserv during the third quarter worth $310,000. Wisconsin Capital Management LLC boosted its stake in Fiserv by 0.3% during the third quarter. Wisconsin Capital Management LLC now owns 21,175 shares of the business services provider's stock worth $3,804,000 after buying an additional 70 shares during the period. Catalina Capital Group LLC boosted its stake in Fiserv by 9.5% during the third quarter. Catalina Capital Group LLC now owns 2,112 shares of the business services provider's stock worth $379,000 after buying an additional 184 shares during the period. HF Advisory Group LLC boosted its stake in Fiserv by 6.5% during the third quarter. HF Advisory Group LLC now owns 4,418 shares of the business services provider's stock worth $794,000 after buying an additional 270 shares during the period. Finally, Geneva Partners LLC boosted its stake in Fiserv by 24.0% during the third quarter. Geneva Partners LLC now owns 28,181 shares of the business services provider's stock worth $5,063,000 after buying an additional 5,460 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NYSE FI traded up $8.18 during trading hours on Wednesday, reaching $211.20. The stock had a trading volume of 3,702,543 shares, compared to its average volume of 2,490,362. The stock has a fifty day moving average of $185.14 and a 200 day moving average of $165.34. The stock has a market cap of $120.16 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $118.42 and a 52-week high of $211.98. 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 (NYSE:FI - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm posted $1.96 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FI. Barclays boosted their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Robert W. Baird boosted their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. TD Cowen boosted their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. KeyCorp boosted their target price on shares of Fiserv from $180.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their target price on shares of Fiserv from $175.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $207.25.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the 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 completion of the transaction, the executive vice president now directly owns 28,323 shares of the company's stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was 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 directly owns 163,699 shares of the company's stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 28,323 shares of the company's stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is owned by insiders.

Fiserv 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.