Cooper Financial Group Purchases 67 Shares of Fiserv, Inc. (NYSE:FI)

Cooper Financial Group lifted its holdings in Fiserv, Inc. (NYSE:FIFree Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,243 shares of the business services provider’s stock after acquiring an additional 67 shares during the period. Cooper Financial Group’s holdings in Fiserv were worth $358,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FI. Wedmont Private Capital raised its stake in shares of Fiserv by 1.8% in the first quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after buying an additional 87 shares during the period. Jacobi Capital Management LLC raised its stake in Fiserv by 0.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after acquiring an additional 94 shares during the period. Hollencrest Capital Management lifted its holdings in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Fiserv by 3.2% during the third quarter. Parkside Financial Bank & Trust now owns 3,724 shares of the business services provider’s stock worth $421,000 after purchasing an additional 117 shares during the period. Finally, Modera Wealth Management LLC increased its stake in shares of Fiserv by 2.3% in the third quarter. Modera Wealth Management LLC now owns 5,443 shares of the business services provider’s stock worth $615,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock valued at $7,611,991 in the last 90 days. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. B. Riley boosted their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. KeyCorp raised their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. BMO Capital Markets upped their price target on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup raised their price objective 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 analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $165.44.

Read Our Latest Research Report on Fiserv

Fiserv Trading Down 0.1 %

FI stock traded down $0.15 during midday trading on Friday, hitting $149.79. The company had a trading volume of 6,996,585 shares, compared to its average volume of 2,034,984. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The stock has a market cap of $87.64 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.21 and a beta of 0.93. The stock’s 50 day moving average price is $150.62 and its 200 day moving average price is $146.51.

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

Fiserv Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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