RDA Financial Network Buys 7,619 Shares of Fiserv, Inc. (NYSE:FI)

RDA Financial Network increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 103.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,951 shares of the business services provider's stock after buying an additional 7,619 shares during the quarter. Fiserv accounts for 0.9% of RDA Financial Network's portfolio, making the stock its 26th largest position. RDA Financial Network's holdings in Fiserv were worth $3,071,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Waypoint Capital Advisors LLC grew its stake in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider's stock worth $560,000 after purchasing an additional 51 shares during the last quarter. Optas LLC lifted its position in Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider's stock valued at $578,000 after buying an additional 54 shares during the period. Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after acquiring an additional 57 shares during the period. Central Valley Advisors LLC boosted its stake in Fiserv by 0.5% during the fourth quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider's stock worth $2,326,000 after acquiring an additional 57 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Fiserv by 7.6% in the third quarter. Covestor Ltd now owns 832 shares of the business services provider's stock worth $150,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. BMO Capital Markets boosted their price target on Fiserv from $222.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They issued a "buy" rating and a $278.00 target price on the stock. Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Morgan Stanley raised their price objective on shares of Fiserv from $220.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.00.

Fiserv Stock Performance

NYSE FI traded up $2.41 on Friday, hitting $208.67. 2,579,770 shares of the company traded hands, compared to its average volume of 2,085,694. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The business's 50 day moving average price is $209.49 and its 200-day moving average price is $186.34. The company has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $136.93 and a 52-week high of $223.23.

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 for the quarter, beating analysts' consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred 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 directly owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last three months. 0.75% of the stock is currently owned by company 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.