Park Avenue Securities LLC Acquires 1,619 Shares of Fiserv, Inc. (NYSE:FI)

Park Avenue Securities LLC raised its holdings in Fiserv, Inc. (NYSE:FI) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,524 shares of the business services provider’s stock after acquiring an additional 1,619 shares during the quarter. Park Avenue Securities LLC’s holdings in Fiserv were worth $3,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter worth $25,000. ZRC Wealth Management LLC bought a new stake in Fiserv during the first quarter valued at about $32,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv during the fourth quarter valued at about $27,000. GW&K Investment Management LLC bought a new stake in Fiserv during the fourth quarter valued at about $27,000. Finally, Private Wealth Management Group LLC bought a new stake in Fiserv during the fourth quarter valued at about $30,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 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 document filed with the SEC, which is accessible through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 in the company, valued at $24,304,390.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,800 shares of company stock worth $7,696,448. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of NYSE:FI traded up $2.43 during trading on Thursday, reaching $158.65. The stock had a trading volume of 161,331 shares, compared to its average volume of 2,517,029. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day moving average price of $152.78 and a 200-day moving average price of $151.21. The stock has a market cap of $92.83 billion, a PE ratio of 29.20, a PEG ratio of 1.31 and a beta of 0.92. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $165.56.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for 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 was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. On average, equities analysts forecast that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. KeyCorp raised their price objective on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. TD Cowen increased their price target on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their price target on Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their price target on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $172.29.

About Fiserv

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.