10,942 Shares in Fiserv, Inc. $FI Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,942 shares of the business services provider’s stock, valued at approximately $1,887,000.

Other large investors have also recently modified their holdings of the company. E Fund Management Co. Ltd. raised its stake in Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 55 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after buying an additional 56 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Fiserv by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after buying an additional 57 shares during the last quarter. LaSalle St. Investment Advisors LLC raised its position in shares of Fiserv by 5.1% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after buying an additional 62 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its holdings in shares of Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $63.60 on Friday. The company’s fifty day simple moving average is $118.79 and its two-hundred day simple moving average is $146.71. Fiserv, Inc. has a 12-month low of $60.95 and a 12-month high of $238.59. The firm has a market cap of $34.21 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm 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, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.74% of the stock is owned by insiders.

Analysts Set New Price Targets

FI has been the topic of a number of research analyst reports. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. BNP Paribas downgraded Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Wednesday. Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Oppenheimer reissued an “outperform” rating and set a $91.00 price target on shares of Fiserv in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.