V Square Quantitative Management LLC Purchases 249 Shares of Fiserv, Inc. (NYSE:FI)

V Square Quantitative Management LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,813 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. V Square Quantitative Management LLC’s holdings in Fiserv were worth $2,122,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FI. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter worth $25,000. Family Firm Inc. acquired a new position in Fiserv during the second quarter worth $31,000. Clean Yield Group raised its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. ZRC Wealth Management LLC acquired a new position in Fiserv during the first quarter worth $32,000. Finally, Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% during the third 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 during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.4 %

Shares of FI stock traded up $0.69 during trading hours on Friday, reaching $196.43. 287,301 shares of the stock were exchanged, compared to its average volume of 2,451,172. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $198.86. The business’s fifty day moving average is $176.34 and its two-hundred day moving average is $160.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $114.93 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.81 EPS. As a group, research analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,890 shares of company stock worth $32,855,417. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FI shares. Oppenheimer began coverage on Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Morgan Stanley raised their target price on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. Robert W. Baird boosted their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. B. Riley upped their price objective on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $183.00 price target on shares of Fiserv in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $186.46.

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.