Addenda Capital Inc. Has $10.74 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Addenda Capital Inc. decreased its position in Fiserv, Inc. (NYSE:FI) by 4.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 67,208 shares of the business services provider’s stock after selling 3,350 shares during the period. Addenda Capital Inc.’s holdings in Fiserv were worth $10,741,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FI. Artemis Investment Management LLP increased its position in shares of Fiserv by 215.0% in the first quarter. Artemis Investment Management LLP now owns 514,696 shares of the business services provider’s stock valued at $82,225,000 after acquiring an additional 351,317 shares during the last quarter. Indiana Trust & Investment Management CO increased its position in shares of Fiserv by 2.3% during the 1st quarter. Indiana Trust & Investment Management CO now owns 24,791 shares of the business services provider’s stock worth $3,962,000 after purchasing an additional 549 shares during the last quarter. Courier Capital LLC bought a new stake in shares of Fiserv during the 1st quarter worth approximately $209,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Fiserv during the 1st quarter worth approximately $205,000. Finally, Hengehold Capital Management LLC boosted its holdings in shares of Fiserv by 18.9% in the 1st quarter. Hengehold Capital Management LLC now owns 2,829 shares of the business services provider’s stock valued at $452,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 0.0 %

Shares of NYSE FI traded down $0.04 during trading on Friday, reaching $149.04. The company had a trading volume of 3,925,738 shares, compared to its average volume of 2,514,187. The stock has a market cap of $87.20 billion, a P/E ratio of 27.86, a PEG ratio of 1.21 and a beta of 0.93. The company’s fifty day moving average price is $150.81 and its 200-day moving average price is $147.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now directly 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 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold a total of 50,729 shares of company stock worth $7,611,991 over the last three months. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on FI shares. Stephens reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. Mizuho lifted 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. BMO Capital Markets increased their price objective on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Finally, Jefferies Financial Group raised their price objective on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

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.