23,349 Shares in Fiserv, Inc. $FI Bought by HORAN Wealth LLC

HORAN Wealth LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,349 shares of the business services provider’s stock, valued at approximately $4,026,000. Fiserv makes up 1.2% of HORAN Wealth LLC’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after acquiring an additional 253,544 shares in the last quarter. Nuveen LLC acquired a new position in Fiserv during the first quarter worth about $1,722,584,000. Finally, Alliancebernstein L.P. grew its position in Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after buying an additional 287,420 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI stock opened at $63.96 on Thursday. The firm has a market cap of $34.77 billion, a P/E ratio of 9.89, a P/E/G ratio of 0.56 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. Fiserv, Inc. has a 1-year low of $63.50 and a 1-year high of $238.59. The firm has a fifty day moving average of $121.80 and a two-hundred day moving average of $148.31.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. This represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FI. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Robert W. Baird cut their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $79.00 in a research report on Thursday, October 30th. Stephens lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $127.28.

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.