CreativeOne Wealth LLC Raises Stock Holdings in Fiserv, Inc. (NYSE:FI)

CreativeOne Wealth LLC grew its stake in Fiserv, Inc. (NYSE:FI) by 18.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,088 shares of the business services provider’s stock after acquiring an additional 1,405 shares during the quarter. CreativeOne Wealth LLC’s holdings in Fiserv were worth $1,633,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FI. Family Firm Inc. purchased a new position in Fiserv during the second quarter worth about $31,000. Clean Yield Group lifted its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter worth about $40,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value 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 trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock valued at $44,299,745 in the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.8 %

NYSE:FI opened at $220.59 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $199.38 and its two-hundred day moving average is $172.62. Fiserv, Inc. has a 52 week low of $126.68 and a 52 week high of $223.23. The company has a market cap of $125.50 billion, a PE ratio of 42.42, a P/E/G ratio of 1.70 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 company 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. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets upped their price target on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. increased their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

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.