SVB Wealth LLC Acquires 161 Shares of Fiserv, Inc. (NYSE:FI)

SVB Wealth LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,982 shares of the business services provider’s stock after purchasing an additional 161 shares during the quarter. SVB Wealth LLC’s holdings in Fiserv were worth $1,595,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Ritholtz Wealth Management bought a new position in Fiserv in the fourth quarter valued at about $427,000. SeaCrest Wealth Management LLC bought a new stake in shares of Fiserv during the fourth quarter worth $208,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $87,000. Blue Trust Inc. acquired a new stake in shares of Fiserv during the fourth quarter valued at about $216,000. Finally, Global Retirement Partners LLC bought a new position in shares of Fiserv during the fourth quarter valued at $1,265,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Robert W. Baird upped their price target on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Wells Fargo & Company increased their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Five 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $172.29.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated 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 sale, the executive vice president now 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 a total of 50,800 shares of company stock valued at $7,696,448 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Up 0.9 %

Shares of Fiserv stock traded up $1.42 during trading on Tuesday, hitting $164.13. 182,280 shares of the stock traded hands, compared to its average volume of 2,510,520. The stock’s fifty day simple moving average is $151.52 and its 200 day simple moving average is $150.23. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $164.44. The firm has a market cap of $94.49 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.29 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.81 EPS. On average, equities analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

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.