Drucker Wealth 3.0 LLC Buys 205 Shares of Fiserv, Inc. (NYSE:FI)

Drucker Wealth 3.0 LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,803 shares of the business services provider’s stock after buying an additional 205 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Fiserv were worth $863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. Dynamic Advisor Solutions LLC lifted its holdings in Fiserv by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 8,854 shares of the business services provider’s stock valued at $1,320,000 after buying an additional 336 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Fiserv by 3.9% during the second quarter. Sequoia Financial Advisors LLC now owns 13,616 shares of the business services provider’s stock worth $2,029,000 after purchasing an additional 517 shares during the period. Wedmont Private Capital grew its stake in shares of Fiserv by 8.0% during the second quarter. Wedmont Private Capital now owns 5,289 shares of the business services provider’s stock worth $810,000 after purchasing an additional 391 shares during the period. M&G Plc lifted its stake in Fiserv by 8.2% in the second quarter. M&G Plc now owns 68,073 shares of the business services provider’s stock valued at $10,143,000 after buying an additional 5,151 shares during the period. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in Fiserv in the second quarter valued at about $1,928,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FI shares. Stephens boosted their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Oppenheimer assumed coverage on Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective on the stock. Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, BMO Capital Markets lifted their price target on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.25.

Fiserv Price Performance

NYSE:FI opened at $207.28 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $117.93 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 1.58 and a beta of 0.93. The firm’s 50-day simple moving average is $203.68 and its 200 day simple moving average is $175.46. Fiserv, Inc. has a 52 week low of $130.27 and a 52 week high of $223.23.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the business posted $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on 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 represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock worth $44,299,745 over the last 90 days. 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.