Fiserv, Inc. (NYSE:FI) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI) by 2.3% in the first quarter, HoldingsChannel.com reports. The firm owned 43,451 shares of the business services provider’s stock after selling 1,020 shares during the period. Fiserv accounts for approximately 1.1% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. John G Ullman & Associates Inc.’s holdings in Fiserv were worth $6,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Meritage Portfolio Management acquired a new position in shares of Fiserv during the fourth quarter valued at $995,000. Piscataqua Savings Bank acquired a new position in shares of Fiserv during the fourth quarter valued at $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $84,583,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 1.6 %

NYSE FI traded up $2.36 on Thursday, hitting $151.25. 2,037,044 shares of the company were exchanged, compared to its average volume of 2,474,821. The company’s 50 day moving average price is $150.34 and its 200-day moving average price is $147.99. 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 firm has a market capitalization of $88.50 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99.

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

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Fiserv news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated 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 directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,729 shares of company stock worth $7,611,991. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Mizuho boosted their price target on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. TD Cowen lifted their price objective on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Finally, BMO Capital Markets lifted their price objective on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.