Fiserv, Inc. (NYSE:FI) Stock Holdings Decreased by Bamco Inc. NY

Bamco Inc. NY reduced its position in Fiserv, Inc. (NYSE:FI) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,213 shares of the business services provider’s stock after selling 187 shares during the period. Bamco Inc. NY’s holdings in Fiserv were worth $2,112,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FI. Meritage Portfolio Management acquired a new stake in Fiserv in the fourth quarter valued at approximately $995,000. Piscataqua Savings Bank acquired a new stake in Fiserv in the fourth quarter valued at approximately $67,000. GHP Investment Advisors Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $78,000. Liberty Capital Management Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $84,583,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was 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 of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last three months, insiders sold 50,800 shares of company stock valued at $7,696,448. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 2.1 %

Fiserv stock traded up $3.32 during trading hours on Monday, reaching $163.26. 1,060,031 shares of the company’s stock traded hands, compared to its average volume of 2,517,728. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $163.91. The firm has a market capitalization of $93.99 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.29 and a beta of 0.92. The firm’s 50 day moving average is $151.29 and its 200-day moving average is $150.04.

Fiserv (NYSE:FI) last announced 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 company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. On average, analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Citigroup boosted 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. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday. Stephens reaffirmed an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research report on Wednesday, April 24th. Finally, StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $172.29.

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.