Brooklyn Investment Group Buys 300 Shares of Fiserv, Inc. (NYSE:FI)

Brooklyn Investment Group increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,507 shares of the business services provider’s stock after acquiring an additional 300 shares during the quarter. Brooklyn Investment Group’s holdings in Fiserv were worth $810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quent Capital LLC grew its stake in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in Fiserv by 3.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,855 shares of the business services provider’s stock valued at $2,854,000 after acquiring an additional 513 shares during the period. Tidal Investments LLC increased its holdings in shares of Fiserv by 30.1% during the first quarter. Tidal Investments LLC now owns 36,199 shares of the business services provider’s stock valued at $5,783,000 after acquiring an additional 8,377 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Fiserv during the first quarter worth approximately $218,000. Finally, SkyView Investment Advisors LLC bought a new position in shares of Fiserv in the 1st quarter worth $718,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of NYSE FI opened at $221.99 on Tuesday. 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 stock has a fifty day simple moving average of $196.70 and a two-hundred day simple moving average of $171.47. Fiserv, Inc. has a 1-year low of $125.42 and a 1-year high of $223.22. The firm has a market cap of $126.29 billion, a price-to-earnings ratio of 42.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock worth $44,299,745 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on FI shares. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Stephens boosted their target price on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Citigroup boosted their price objective on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $214.29.

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.