Santori & Peters Inc. Sells 546 Shares of Fiserv, Inc. (NYSE:FI)

Santori & Peters Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI) by 14.4% during the 1st quarter, Holdings Channel reports. The firm owned 3,248 shares of the business services provider’s stock after selling 546 shares during the period. Santori & Peters Inc.’s holdings in Fiserv were worth $519,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Meritage Portfolio Management acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $995,000. Piscataqua Savings Bank acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $67,000. GHP Investment Advisors Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $78,000. Liberty Capital Management Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $84,583,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. Barclays increased their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Citigroup raised their target price on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. TD Cowen raised their target price on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Evercore ISI restated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $165.44.

Insiders Place Their Bets

In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 23,929 shares of Fiserv 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 sale, the chief operating officer now directly 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. Insiders sold a total of 50,729 shares of company stock valued at $7,611,991 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

FI stock traded down $0.60 during midday trading on Wednesday, reaching $148.79. 1,142,547 shares of the company were exchanged, compared to its average volume of 2,487,834. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average price of $150.66 and a two-hundred day moving average price of $147.38. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The firm has a market capitalization of $87.06 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last released 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 net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.

About Fiserv

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.