Gamco Investors INC. ET AL Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

Gamco Investors INC. ET AL lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the business services provider’s stock after selling 400 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Fiserv were worth $863,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new position in Fiserv during the first quarter worth approximately $25,000. ZRC Wealth Management LLC purchased a new position in shares of Fiserv in the first quarter valued at approximately $32,000. RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Cowen raised their target price on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Mizuho raised their target price on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Robert W. Baird increased their price target on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Citigroup increased their price target on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

Fiserv Stock Performance

FI stock traded up $3.93 during trading on Friday, hitting $159.94. The company had a trading volume of 3,345,301 shares, compared to its average volume of 2,515,755. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $151.29 and a 200-day moving average price of $149.94. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $162.47. The firm has a market cap of $93.58 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the firm posted $1.81 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of the company’s 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 directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock valued at $7,696,448 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.

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.