Albion Financial Group UT Sells 823 Shares of Fiserv, Inc. (NYSE:FI)

Albion Financial Group UT lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,346 shares of the business services provider’s stock after selling 823 shares during the period. Fiserv accounts for about 1.7% of Albion Financial Group UT’s investment portfolio, making the stock its 16th biggest holding. Albion Financial Group UT’s holdings in Fiserv were worth $22,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in Fiserv in the third quarter worth $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Fiserv in the 4th quarter worth $5,885,279,000. Capital World Investors purchased a new position in Fiserv during the 4th quarter worth $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new position in Fiserv during the 4th quarter valued at about $960,592,000. Finally, Veritas Asset Management LLP purchased a new stake in Fiserv in the fourth quarter valued at about $927,298,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. UBS Group increased their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Susquehanna lifted their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, B. Riley increased their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $165.44.

Fiserv Stock Down 0.4 %

Shares of Fiserv stock traded down $0.60 during trading hours on Wednesday, reaching $148.79. 1,142,575 shares of the company were exchanged, compared to its average volume of 2,487,834. The firm has a market cap of $87.06 billion, a PE ratio of 27.85, a PEG ratio of 1.20 and a beta of 0.92. 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 1 year low of $109.11 and a 1 year high of $159.99. The stock’s fifty day moving average is $150.66 and its 200 day moving average is $147.38.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast 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 23,929 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 23,929 shares of the company’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 completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,729 shares of company stock valued at $7,611,991. Corporate insiders own 0.75% of the company’s stock.

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.