Sheaff Brock Investment Advisors LLC Purchases New Position in Fiserv, Inc. (NYSE:FI)

Sheaff Brock Investment Advisors LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 1st quarter, HoldingsChannel reports. The fund purchased 1,383 shares of the business services provider’s stock, valued at approximately $221,000.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the first quarter valued at about $25,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the fourth quarter valued at about $27,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter valued at about $27,000. RE Dickinson Investment Advisors LLC acquired a new stake in shares of Fiserv during the fourth quarter valued at about $27,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Fiserv during the fourth quarter valued at about $30,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI traded up $3.93 during mid-day trading on Friday, reaching $159.94. 3,345,301 shares of the company’s stock traded hands, compared to its average volume of 2,515,755. The business’s 50-day moving average price is $151.29 and its 200-day moving average price is $149.84. The stock has a market capitalization of $93.58 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $162.47.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. Equities analysts predict that Fiserv, Inc. will post 8.71 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FI. Keefe, Bruyette & Woods raised their target price on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group raised their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. TD Cowen lifted their price target on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.19.

Insider Buying and Selling

In related news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,800 shares of company stock valued at $7,696,448 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

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.