Empower Advisory Group LLC Has $1.24 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Empower Advisory Group LLC reduced its holdings in Fiserv, Inc. (NYSE:FI) by 8.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,887 shares of the business services provider’s stock after selling 622 shares during the period. Empower Advisory Group LLC’s holdings in Fiserv were worth $1,237,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Bessemer Group Inc. lifted its stake in shares of Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after acquiring an additional 1,306,901 shares during the period. Capital World Investors boosted its stake in shares of 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 last quarter. Maj Invest Holding A S acquired a new stake in shares of Fiserv during the third quarter worth $172,993,000. Manning & Napier Advisors LLC bought a new position in Fiserv during the second quarter worth $105,031,000. Finally, American Century Companies Inc. lifted its holdings in Fiserv by 1,642.5% in the second 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 period. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FI. BMO Capital Markets lifted their price objective on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their price target on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Stephens raised their price objective 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 boosted their target price 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. Finally, Citigroup raised their price target on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Activity at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 233,890 shares of company stock worth $43,008,837. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Fiserv stock opened at $213.18 on Thursday. The stock has a market cap of $121.28 billion, a P/E ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92. 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 company’s 50 day moving average price is $188.98 and its two-hundred day moving average price is $167.41. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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 business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.