RIA Advisory Group LLC Takes $1.29 Million Position in Fiserv, Inc. (NYSE:FI)

RIA Advisory Group LLC acquired a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,171 shares of the business services provider's stock, valued at approximately $1,288,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC boosted its stake in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider's stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. Nwam LLC bought a new position in shares of Fiserv in the 1st quarter valued at about $239,000. M&G Plc bought a new position in Fiserv during the 1st quarter worth approximately $10,068,000. Acadian Asset Management LLC boosted its stake in Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock worth $9,047,000 after acquiring an additional 44,776 shares during the last quarter. Finally, Ironsides Asset Advisors LLC boosted its stake in Fiserv by 11.6% during the 1st quarter. Ironsides Asset Advisors LLC now owns 3,695 shares of the business services provider's stock worth $591,000 after acquiring an additional 385 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 28,323 shares of the company's stock, valued at approximately $4,764,211.83. The trade was a 40.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business's 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

Shares of Fiserv stock traded up $0.07 during trading on Friday, reaching $210.92. The company's stock had a trading volume of 2,279,330 shares, compared to its average volume of 2,478,375. The business's 50-day moving average price is $191.36 and its 200-day moving average price is $168.43. The firm has a market cap of $120.00 billion, a PE ratio of 40.56, a P/E/G ratio of 1.63 and a beta of 0.92. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 earnings per share. Equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Tigress Financial lifted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Susquehanna lifted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a report on Friday, October 18th. Finally, Mizuho lifted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $207.25.

About Fiserv

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.