Fiserv, Inc. (NYSE:FI) Shares Sold by HF Advisory Group LLC

HF Advisory Group LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,862 shares of the business services provider’s stock after selling 70 shares during the quarter. HF Advisory Group LLC’s holdings in Fiserv were worth $853,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC grew its stake in Fiserv by 0.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider’s stock valued at $3,721,000 after purchasing an additional 75 shares in the last quarter. Brighton Jones LLC raised its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Fiserv in the 4th quarter valued at approximately $11,330,000. Trust Point Inc. raised its holdings in Fiserv by 11.0% in the 4th quarter. Trust Point Inc. now owns 2,564 shares of the business services provider’s stock valued at $527,000 after acquiring an additional 254 shares in the last quarter. Finally, Calamos Wealth Management LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $438,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FI shares. Royal Bank of Canada set a $237.00 price target on Fiserv in a report on Friday, April 25th. The Goldman Sachs Group reduced their target price on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, May 19th. JPMorgan Chase & Co. reduced their target price on Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Stephens boosted their price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Susquehanna lowered their price target on Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $220.27.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider now owns 53,385 shares of the company’s stock, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 1.3%

Shares of NYSE:FI opened at $164.24 on Thursday. The firm has a market cap of $91.06 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a fifty day simple moving average of $187.75 and a 200 day simple moving average of $206.18. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a share buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.