Stonebridge Capital Advisors LLC Acquires 580 Shares of Fiserv, Inc. (NYSE:FI)

Stonebridge Capital Advisors LLC raised its holdings in Fiserv, Inc. (NYSE:FI) by 16.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,187 shares of the business services provider’s stock after buying an additional 580 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Fiserv were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Wellington Shields & Co. LLC bought a new position in Fiserv during the 1st quarter valued at $25,000. Halpern Financial Inc. bought a new position in shares of Fiserv during the fourth quarter valued at about $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at about $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth about $27,000. Finally, Private Wealth Management Group LLC bought a new stake in Fiserv in the 4th quarter worth about $30,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

NYSE FI traded up $3.93 during trading hours on Friday, reaching $159.94. 3,345,301 shares of the stock traded hands, compared to its average volume of 2,515,755. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day simple moving average of $151.29 and a two-hundred day simple moving average of $149.84. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $162.47. The company has a market cap of $93.58 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.81 earnings per share. On average, analysts predict that Fiserv, Inc. will post 8.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,800 shares of company stock worth $7,696,448 in the last ninety days. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Robert W. Baird lifted their price objective on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Mizuho raised their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $170.19.

Fiserv 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.