LaFleur & Godfrey LLC Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

LaFleur & Godfrey LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 11.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,239 shares of the business services provider’s stock after purchasing an additional 2,123 shares during the period. LaFleur & Godfrey LLC’s holdings in Fiserv were worth $4,469,000 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. Geode Capital Management LLC raised its holdings in shares of Fiserv by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock valued at $2,435,280,000 after purchasing an additional 218,833 shares during the last quarter. FMR LLC increased its holdings in Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock valued at $2,376,482,000 after buying an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Fiserv by 16.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock valued at $1,649,705,000 after buying an additional 1,121,597 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Fiserv by 5.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock valued at $1,424,907,000 after buying an additional 340,938 shares during the last quarter. Finally, Norges Bank purchased a new stake in Fiserv during the fourth quarter valued at approximately $1,406,452,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction 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 trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of NYSE:FI opened at $170.62 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a fifty day moving average price of $176.40 and a 200 day moving average price of $201.36. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The firm has a market cap of $94.60 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.01 and a beta of 0.90.

Fiserv (NYSE:FI) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share 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 firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. Fiserv’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on FI shares. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. Jefferies Financial Group reduced their target price on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. Citigroup reduced their target price on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a report on Friday, April 25th. Monness Crespi & Hardt cut shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $221.23.

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.