Birch Capital Management LLC Grows Position in Fiserv, Inc. (NYSE:FI)

Birch Capital Management LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,781 shares of the business services provider’s stock after buying an additional 462 shares during the period. Fiserv makes up 1.7% of Birch Capital Management LLC’s portfolio, making the stock its 19th biggest position. Birch Capital Management LLC’s holdings in Fiserv were worth $3,321,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RDA Financial Network boosted its position in Fiserv by 2.3% in the first quarter. RDA Financial Network now owns 7,066 shares of the business services provider’s stock worth $1,129,000 after purchasing an additional 162 shares during the last quarter. Cooper Financial Group boosted its position in Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Fiserv by 0.3% in the first quarter. Contravisory Investment Management Inc. now owns 53,379 shares of the business services provider’s stock worth $8,531,000 after purchasing an additional 134 shares during the last quarter. Unique Wealth LLC boosted its position in Fiserv by 34.4% in the first quarter. Unique Wealth LLC now owns 7,656 shares of the business services provider’s stock worth $1,223,000 after purchasing an additional 1,960 shares during the last quarter. Finally, Running Oak Capital LLC raised its stake in shares of Fiserv by 7.0% in the first quarter. Running Oak Capital LLC now owns 79,374 shares of the business services provider’s stock worth $12,686,000 after buying an additional 5,173 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fiserv news, 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president now directly 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 a total of 50,729 shares of company stock worth $7,611,991 in the last quarter. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

FI has been the topic of several recent research reports. UBS Group raised their price objective on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Mizuho raised their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Barclays raised their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Stephens reaffirmed an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Finally, Robert W. Baird lifted their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.44.

Fiserv Trading Down 0.1 %

Shares of Fiserv stock traded down $0.15 on Friday, reaching $149.79. The company had a trading volume of 6,996,585 shares, compared to its average volume of 2,034,984. The firm’s 50-day moving average price is $150.62 and its two-hundred day moving average price is $146.62. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $87.64 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 1.21 and a beta of 0.93.

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

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.