Contravisory Investment Management Inc. Has $8.53 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Contravisory Investment Management Inc. grew its position in Fiserv, Inc. (NYSE:FI) by 0.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 53,379 shares of the business services provider’s stock after acquiring an additional 134 shares during the period. Fiserv accounts for approximately 1.9% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 18th biggest position. Contravisory Investment Management Inc.’s holdings in Fiserv were worth $8,531,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FI. Meritage Portfolio Management bought a new position in shares of Fiserv in the 4th quarter worth about $995,000. Piscataqua Savings Bank acquired a new position in Fiserv during the 4th quarter valued at about $67,000. GHP Investment Advisors Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $78,000. Liberty Capital Management Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $84,583,000. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of Fiserv 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 of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,729 shares of company stock worth $7,611,991. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of analyst reports. Evercore ISI reissued an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. UBS Group boosted their price target on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Susquehanna boosted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Robert W. Baird boosted 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. Finally, Citigroup boosted their price target on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

Fiserv Trading Down 0.1 %

Shares of NYSE:FI traded down $0.15 during midday trading on Friday, hitting $149.79. 6,996,585 shares of the stock traded hands, compared to its average volume of 2,034,984. The stock has a market capitalization of $87.64 billion, a PE ratio of 28.00, a P/E/G ratio of 1.21 and a beta of 0.93. The business’s 50 day moving average is $150.62 and its two-hundred day moving average is $146.51. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.