IFC Advisors LLC Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

IFC Advisors LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.3% in the 1st quarter, Holdings Channel reports. The firm owned 4,722 shares of the business services provider’s stock after buying an additional 107 shares during the period. IFC Advisors LLC’s holdings in Fiserv were worth $1,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its holdings in shares of Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 44 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 48 shares during the last quarter. Adero Partners LLC raised its holdings in shares of Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock valued at $550,000 after purchasing an additional 55 shares during the last quarter. Oakworth Capital Inc. increased its holdings in Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after buying an additional 56 shares during the last quarter. Finally, PDS Planning Inc raised its position in Fiserv by 1.7% in the first quarter. PDS Planning Inc now owns 3,421 shares of the business services provider’s stock worth $755,000 after acquiring an additional 58 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The shares were 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 directly owned 25,385 shares of the company’s stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider directly owned 53,385 shares of the company’s stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE:FI opened at $165.21 on Friday. Fiserv, Inc. has a 52 week low of $151.59 and a 52 week high of $238.59. The stock has a market capitalization of $91.60 billion, a P/E ratio of 29.19, a PEG ratio of 1.04 and a beta of 0.91. The firm has a fifty day simple moving average of $169.52 and a two-hundred day simple moving average of $198.27. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the company posted $1.88 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FI. Robert W. Baird decreased their price target on shares of Fiserv from $250.00 to $225.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 18th. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. Redburn Atlantic reiterated a “sell” rating and issued a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Jefferies Financial Group decreased their price target on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Two investment 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.23.

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.