Kingsview Wealth Management LLC Raises Stake in Fiserv, Inc. (NYSE:FI)

Kingsview Wealth Management LLC grew its position in Fiserv, Inc. (NYSE:FI) by 3.3% in the third quarter, HoldingsChannel.com reports. The firm owned 6,035 shares of the business services provider’s stock after acquiring an additional 192 shares during the period. Kingsview Wealth Management LLC’s holdings in Fiserv were worth $1,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Cerity Partners LLC boosted its stake in shares of Fiserv by 11.3% in the third quarter. Cerity Partners LLC now owns 409,352 shares of the business services provider’s stock worth $73,540,000 after acquiring an additional 41,540 shares during the period. Nicolet Advisory Services LLC lifted its holdings in Fiserv by 19.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 6,939 shares of the business services provider’s stock worth $1,272,000 after purchasing an additional 1,131 shares in the last quarter. Stonebrook Private Inc. boosted its stake in Fiserv by 1.9% in the 3rd quarter. Stonebrook Private Inc. now owns 6,068 shares of the business services provider’s stock worth $1,090,000 after purchasing an additional 112 shares during the period. Meridian Wealth Management LLC bought a new position in Fiserv in the 3rd quarter worth approximately $905,000. Finally, Raymond James Trust N.A. grew its holdings in Fiserv by 10.4% during the 3rd quarter. Raymond James Trust N.A. now owns 21,208 shares of the business services provider’s stock valued at $3,810,000 after buying an additional 2,001 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FI has been the topic of several research analyst reports. BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised their price objective on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup boosted their target price on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Finally, Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv Stock Up 0.3 %

NYSE:FI opened at $222.45 on Wednesday. The company has a market cap of $126.56 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $125.42 and a twelve month high of $223.23. 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 stock has a fifty day simple moving average of $197.64 and a 200-day simple moving average of $171.95.

Fiserv (NYSE:FI) last announced 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. The company had revenue of $5.22 billion during 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. Analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 235,821 shares of company stock valued at $44,299,745. Corporate insiders own 0.75% of the company’s stock.

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.