Gateway Investment Advisers LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,808 shares of the business services provider’s stock after selling 139 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Fiserv were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the third quarter worth about $5,705,241,000. Price T Rowe Associates Inc. MD bought a new position in shares of Fiserv in the fourth quarter worth approximately $5,885,279,000. Capital World Investors bought a new position in shares of Fiserv in the fourth quarter worth approximately $2,329,623,000. Massachusetts Financial Services Co. MA bought a new position in shares of Fiserv in the fourth quarter worth approximately $960,592,000. Finally, Veritas Asset Management LLP bought a new position in shares of Fiserv in the fourth quarter worth approximately $927,298,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock valued at $7,611,991 over the last quarter. 0.75% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
FI has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Mizuho upped their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Wells Fargo & Company initiated coverage on shares of Fiserv in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price objective on the stock. Jefferies Financial Group increased their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, UBS Group increased their price target on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.44.
Get Our Latest Report on FI
Fiserv Stock Up 0.6 %
Shares of Fiserv stock opened at $149.72 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock has a market capitalization of $87.60 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.20 and a beta of 0.93. The company’s 50 day moving average price is $150.71 and its 200-day moving average price is $146.87.
Fiserv (NYSE:FI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.
Fiserv Company Profile
(Free Report)
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.
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