Prio Wealth Limited Partnership Sells 2,030 Shares of Fiserv, Inc. (NYSE:FI)

by · The Cerbat Gem

Prio Wealth Limited Partnership cut its position in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,928 shares of the business services provider’s stock after selling 2,030 shares during the period. Prio Wealth Limited Partnership’s holdings in Fiserv were worth $12,922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Wellington Shields & Co. LLC bought a new stake in Fiserv during the 1st quarter valued at $25,000. Family Firm Inc. bought a new stake in Fiserv during the 2nd quarter valued at $31,000. Clean Yield Group increased its holdings in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. ZRC Wealth Management LLC purchased a new position in shares of Fiserv in the 1st quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. B. Riley lifted their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Stephens lifted their price target on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday. Oppenheimer initiated coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $187.92.

Read Our Latest Report on Fiserv

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock valued at $32,855,417 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

FI traded down $0.29 on Monday, reaching $197.00. 623,858 shares of the stock were exchanged, compared to its average volume of 2,457,817. The company’s 50-day moving average price is $177.05 and its 200 day moving average price is $161.21. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $198.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $115.27 billion, a PE ratio of 36.88, a PEG ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

About Fiserv

(Free Report)

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.

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