Rehmann Capital Advisory Group Acquires 424 Shares of Fiserv, Inc. (NYSE:FI)

Rehmann Capital Advisory Group boosted its holdings in Fiserv, Inc. (NYSE:FI) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,124 shares of the business services provider’s stock after acquiring an additional 424 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Fiserv were worth $979,000 at the end of the most recent quarter.

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

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the firm’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 completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. 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. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FI. Citigroup upped their target price on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Evercore ISI reiterated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Wells Fargo & Company initiated coverage on shares of Fiserv in a research report on Wednesday, June 12th. They set an “overweight” rating and a $180.00 target price on the stock. Jefferies Financial Group increased their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, Stephens restated an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a report 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, the company has an average rating of “Moderate Buy” and a consensus target price of $165.44.

Fiserv Stock Down 2.5 %

Shares of FI stock traded down $3.74 during trading hours on Wednesday, hitting $147.35. 1,457,365 shares of the company were exchanged, compared to its average volume of 2,469,280. The business has a 50 day moving average of $150.30 and a two-hundred day moving average of $147.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a market capitalization of $86.21 billion, a PE ratio of 27.79, a PEG ratio of 1.22 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal 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.