Smithbridge Asset Management Inc. DE Buys 800 Shares of Fiserv, Inc. (NYSE:FI)

Smithbridge Asset Management Inc. DE raised its position in Fiserv, Inc. (NYSE:FI) by 1.5% during the second quarter, HoldingsChannel.com reports. The firm owned 54,594 shares of the business services provider’s stock after purchasing an additional 800 shares during the period. Fiserv makes up 1.7% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 17th biggest position. Smithbridge Asset Management Inc. DE’s holdings in Fiserv were worth $8,137,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cooper Financial Group lifted its stake in Fiserv by 3.1% in the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares in the last quarter. Quent Capital LLC lifted its stake in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. Andina Capital Management LLC lifted its stake in Fiserv by 3.1% in the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after purchasing an additional 70 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Fiserv by 0.8% in the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock worth $1,563,000 after purchasing an additional 73 shares in the last quarter. Finally, BSW Wealth Partners lifted its stake in Fiserv by 2.8% in the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.0 %

Shares of Fiserv stock traded up $1.60 during trading hours on Friday, reaching $167.32. 3,799,303 shares of the company were exchanged, compared to its average volume of 2,516,919. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $167.43. The stock’s fifty day moving average is $154.72 and its 200 day moving average is $152.27. 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 firm has a market cap of $97.90 billion, a PE ratio of 31.27, a PEG ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business 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 company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, 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 owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. Insiders have sold 74,800 shares of company stock valued at $11,655,728 over the last quarter. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on FI shares. Citigroup raised shares of Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. TD Cowen lifted their price target on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird lifted their price target on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.