TD Private Client Wealth LLC Increases Position in Fiserv, Inc. (NYSE:FI)

TD Private Client Wealth LLC boosted its holdings in Fiserv, Inc. (NYSE:FI) by 2.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,280 shares of the business services provider’s stock after purchasing an additional 74 shares during the period. TD Private Client Wealth LLC’s holdings in Fiserv were worth $589,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of Fiserv during the 2nd quarter valued at approximately $31,000. Clean Yield Group boosted its stake in Fiserv by 431.3% during 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 last quarter. Cedar Mountain Advisors LLC grew its holdings in 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 acquiring an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Fiserv in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 0.1 %

Shares of Fiserv stock opened at $204.66 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $205.80 and a 200-day simple moving average of $176.96. Fiserv, Inc. has a fifty-two week low of $131.41 and a fifty-two week high of $223.23. The firm has a market cap of $116.43 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93.

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

Analyst Ratings Changes

Several analysts recently weighed in on FI shares. KeyCorp boosted their price objective on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada raised their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stephens upped their target price on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.50.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on 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 approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock worth $44,299,745 in the last quarter. 0.75% of the stock is owned by company insiders.

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.