Fiserv, Inc. (NYSE:FI) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 14.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,696 shares of the business services provider’s stock after selling 640 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Fiserv were worth $591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its position in Fiserv by 3.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,855 shares of the business services provider’s stock valued at $2,854,000 after buying an additional 513 shares during the last quarter. Kensico Capital Management Corp increased its stake in shares of Fiserv by 8.7% in the first quarter. Kensico Capital Management Corp now owns 1,173,200 shares of the business services provider’s stock worth $187,501,000 after acquiring an additional 94,200 shares during the period. Benchmark Investment Advisors LLC purchased a new position in shares of Fiserv during the first quarter worth $1,902,000. Zurich Insurance Group Ltd FI boosted its holdings in Fiserv by 57.3% in the first quarter. Zurich Insurance Group Ltd FI now owns 563,896 shares of the business services provider’s stock valued at $90,122,000 after purchasing an additional 205,357 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Fiserv in the first quarter worth about $4,015,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,800 shares of company stock valued at $7,696,448. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 0.3 %

Fiserv stock traded up $0.48 during trading on Wednesday, hitting $163.59. The company had a trading volume of 2,077,130 shares, compared to its average volume of 2,517,673. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market cap of $94.18 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 1.32 and a beta of 0.92. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $164.54. The company’s 50 day simple moving average is $151.73 and its 200-day simple moving average is $150.41.

Fiserv (NYSE:FI) last posted 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 business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FI. Wells Fargo & Company raised their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Stephens restated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. Robert W. Baird increased their price target on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating 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 report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $172.29.

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.