Farther Finance Advisors LLC Has $1.40 Million Position in Fiserv, Inc. (NYSE:FI)

Farther Finance Advisors LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,782 shares of the business services provider’s stock after buying an additional 326 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fiserv were worth $1,398,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter worth $25,000. Clean Yield Group grew its position in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Fiserv in the 2nd quarter valued at about $31,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at about $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 2.1 %

Shares of Fiserv stock opened at $202.05 on Monday. 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, Inc. has a 12-month low of $114.32 and a 12-month high of $204.50. The company has a market capitalization of $114.95 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.51 and a beta of 0.92. The firm’s 50-day moving average price is $183.87 and its two-hundred day moving average price is $164.58.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. On average, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FI has been the subject of a number of research analyst reports. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Oppenheimer started coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four research 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 company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

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.