Forthright Family Wealth Advisory LLC Buys Shares of 1,074 Fiserv, Inc. (NYSE:FI)

Forthright Family Wealth Advisory LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,074 shares of the business services provider’s stock, valued at approximately $193,000.

A number of other hedge funds also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Fiserv by 5.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,590 shares of the business services provider’s stock worth $4,261,000 after purchasing an additional 1,487 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Fiserv by 6.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 217,132 shares of the business services provider’s stock valued at $32,361,000 after buying an additional 12,285 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Fiserv during the 2nd quarter worth approximately $44,000. Miracle Mile Advisors LLC grew its holdings in Fiserv by 4.8% during the 2nd quarter. Miracle Mile Advisors LLC now owns 7,918 shares of the business services provider’s stock worth $1,180,000 after acquiring an additional 365 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Fiserv by 91.3% in the 2nd quarter. Blue Trust Inc. now owns 1,848 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 882 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.1 %

Shares of NYSE:FI traded up $0.21 during mid-day trading on Friday, hitting $205.06. 293,913 shares of the company traded hands, compared to its average volume of 2,520,151. The stock has a 50-day moving average price of $205.41 and a two-hundred day moving average price of $176.59. Fiserv, Inc. has a 12-month low of $131.41 and a 12-month high of $223.23. The stock has a market cap of $116.66 billion, a P/E ratio of 39.39, a P/E/G ratio of 1.56 and a beta of 0.93. 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 (NYSE:FI) last posted its 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. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BTIG Research started coverage on Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Citigroup boosted their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Oppenheimer started coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.50.

Insider Activity

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value 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 $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock valued at $44,299,745 over the last three months. Corporate insiders own 0.75% of the company’s stock.

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.