Wisconsin Capital Management LLC Boosts Stake in Fiserv, Inc. (NYSE:FI)

Wisconsin Capital Management LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,175 shares of the business services provider’s stock after buying an additional 70 shares during the quarter. Fiserv accounts for about 2.0% of Wisconsin Capital Management LLC’s holdings, making the stock its 22nd largest position. Wisconsin Capital Management LLC’s holdings in Fiserv were worth $3,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in Fiserv by 67.2% in the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after purchasing an additional 1,306,901 shares during the period. Capital World Investors raised its position in Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Maj Invest Holding A S purchased a new position in shares of Fiserv during the 3rd quarter worth about $172,993,000. Manning & Napier Advisors LLC bought a new position in Fiserv during the 2nd quarter valued at about $105,031,000. Finally, American Century Companies Inc. raised its holdings in shares of Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after buying an additional 471,531 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. B. Riley lifted their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Stephens lifted their price target on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their price objective on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BTIG Research initiated coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

Fiserv Trading Up 1.1 %

Shares of Fiserv stock opened at $203.00 on Wednesday. Fiserv, Inc. has a twelve month low of $118.42 and a twelve month high of $204.50. The firm’s 50-day moving average price is $185.14 and its 200 day moving average price is $165.34. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $115.49 billion, a PE ratio of 39.04, a P/E/G ratio of 1.54 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the company earned $1.96 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated 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 sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,890 shares of company stock worth $46,968,117. 0.75% of the stock is owned by insiders.

Fiserv 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.