Radnor Capital Management LLC Invests $1.54 Million in Fiserv, Inc. (NYSE:FI)

Radnor Capital Management LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,588 shares of the business services provider’s stock, valued at approximately $1,543,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in Fiserv by 6.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 63,865 shares of the business services provider’s stock valued at $10,207,000 after acquiring an additional 3,666 shares in the last quarter. Quent Capital LLC lifted its position in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares in the last quarter. Financial Counselors Inc. lifted its position in Fiserv by 4.7% during the first quarter. Financial Counselors Inc. now owns 3,090 shares of the business services provider’s stock valued at $494,000 after buying an additional 139 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Fiserv during the first quarter worth $493,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Fiserv during the first quarter worth $282,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FI. Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Susquehanna upped their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Stephens upped their price objective on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group boosted their price objective on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock worth $46,968,117 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.1 %

Shares of Fiserv stock opened at $203.00 on Wednesday. The company’s fifty day simple moving average is $185.14 and its 200-day simple moving average is $165.34. The company has a market cap of $115.49 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 1.54 and a beta of 0.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $118.42 and a 1 year high of $204.50.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.96 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

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.