OneAscent Financial Services LLC Purchases New Stake in Fiserv, Inc. (NYSE:FI)

OneAscent Financial Services LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 3rd quarter, HoldingsChannel reports. The fund purchased 1,870 shares of the business services provider’s stock, valued at approximately $336,000.

Several other hedge funds have also bought and sold shares of FI. Capital World Investors grew its position in Fiserv by 7.4% in the 1st 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 Fiserv during the 3rd quarter worth $172,993,000. Manning & Napier Advisors LLC purchased a new position in Fiserv during the 2nd quarter worth $105,031,000. Mizuho Securities USA LLC boosted its holdings in Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after acquiring an additional 558,774 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Fiserv by 1,642.5% during the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after acquiring an additional 471,531 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.9 %

Shares of Fiserv stock opened at $212.77 on Tuesday. Fiserv, Inc. has a 52-week low of $121.86 and a 52-week high of $215.50. The stock’s 50-day simple moving average is $192.16 and its 200 day simple moving average is $169.12. The stock has a market capitalization of $121.05 billion, a P/E ratio of 40.92, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted $1.96 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FI shares. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday. Mizuho lifted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.52.

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Gibbons sold 18,890 shares of the company’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 owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 40.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,711 shares of company stock worth $47,477,232 over the last ninety days. Company insiders own 0.75% of the company’s stock.

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.