Fiserv, Inc. (NYSE:FI) Shares Purchased by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. raised its holdings in Fiserv, Inc. (NYSE:FI) by 9.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,861 shares of the business services provider’s stock after purchasing an additional 3,366 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in Fiserv were worth $5,941,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter worth $25,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $27,000. RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new stake in Fiserv during the 4th quarter worth $30,000. Finally, Family Firm Inc. purchased a new stake in shares of Fiserv in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.1 %

Shares of FI stock traded up $1.92 during trading hours on Monday, reaching $171.94. The company had a trading volume of 137,812 shares, compared to its average volume of 2,459,255. The stock’s fifty day simple moving average is $161.29 and its 200 day simple moving average is $155.09. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $175.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $98.99 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.81 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on FI. Wells Fargo & Company increased their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. B. Riley lifted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. BMO Capital Markets lifted their price objective on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, TD Cowen upped their target price on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Six investment 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 stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $174.32.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders sold a total of 90,890 shares of company stock valued at $14,416,687 in the last ninety days. Corporate 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.