5,038 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,038 shares of the business services provider’s stock, valued at approximately $905,000.

A number of other large investors also recently modified their holdings of the company. Maj Invest Holding A S purchased a new stake in Fiserv during the third quarter worth approximately $172,993,000. Manning & Napier Advisors LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth approximately $105,031,000. Mizuho Securities USA LLC boosted its holdings in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. American Century Companies Inc. grew its position in shares of Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after buying an additional 471,531 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Fiserv during the 1st quarter worth $52,503,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Mizuho boosted their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer assumed coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. Finally, BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. Four investment 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $214.29.

Fiserv Stock Up 1.9 %

Shares of NYSE FI opened at $221.56 on Friday. The stock has a market capitalization of $126.05 billion, a price-to-earnings ratio of 42.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92. Fiserv, Inc. has a 52 week low of $125.42 and a 52 week high of $222.05. The firm has a 50-day moving average price of $195.77 and a 200 day moving average price of $170.87. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, 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 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 235,821 shares of company stock valued at $44,299,745. 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.