1,091 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Asset Allocation & Management Company LLC

Asset Allocation & Management Company LLC acquired a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,091 shares of the business services provider’s stock, valued at approximately $224,000.

Several other institutional investors also recently bought and sold shares of FI. FMR LLC lifted its holdings in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after acquiring an additional 64,332 shares during the last quarter. Legal & General Group Plc lifted its holdings in Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after acquiring an additional 85,598 shares during the last quarter. Sanders Capital LLC acquired a new position in Fiserv in the third quarter valued at approximately $764,543,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Fiserv by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after acquiring an additional 225,159 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI traded up $0.17 during trading hours on Monday, hitting $200.68. The company had a trading volume of 558,211 shares, compared to its average volume of 2,030,789. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 1-year low of $135.97 and a 1-year high of $223.23. The company has a market cap of $114.17 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The business has a 50 day moving average of $209.64 and a 200-day moving average of $185.31.

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 firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $1.96 earnings per share. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock valued at $18,581,095 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of a number of research analyst reports. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Robert W. Baird boosted their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.88.

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.