Fiserv, Inc. (NYSE:FI) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,575 shares of the business services provider’s stock after purchasing an additional 769 shares during the period. Apollon Wealth Management LLC’s holdings in Fiserv were worth $4,021,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Sanders Capital LLC purchased a new position in shares of Fiserv in the third quarter worth about $764,543,000. Barclays PLC boosted its position in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after buying an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Fiserv by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after buying an additional 4,218 shares during the period. Finally, National Pension Service raised its position in Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after buying an additional 93,508 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FI. TD Cowen increased their price objective 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. Compass Point assumed coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. KeyCorp upped their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer raised their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $235.91.

Fiserv Price Performance

Fiserv stock opened at $230.18 on Friday. The company has a fifty day simple moving average of $209.01 and a 200-day simple moving average of $193.27. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $130.95 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $142.14 and a 52-week high of $233.26.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently owned by company insiders.

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.