River Street Advisors LLC Acquires Shares of 1,830 Fiserv, Inc. (NYSE:FI)

River Street Advisors LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,830 shares of the business services provider’s stock, valued at approximately $292,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after purchasing an additional 789,232 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in Fiserv during the fourth quarter worth approximately $5,885,279,000. Capital World Investors acquired a new stake in Fiserv during the fourth quarter worth approximately $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new stake in Fiserv during the fourth quarter worth approximately $960,592,000. Finally, Veritas Asset Management LLP acquired a new stake in Fiserv during the fourth quarter worth approximately $927,298,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s 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 approximately $24,304,390.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated 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 completion of the transaction, 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 accessible through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was 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 $4,213,329.48. The disclosure for this sale can be found here. Insiders sold a total of 50,729 shares of company stock valued at $7,611,991 in the last three months. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.0 %

NYSE:FI traded down $0.04 during trading hours on Friday, hitting $149.04. 3,926,039 shares of the company were exchanged, compared to its average volume of 2,461,209. The stock has a market capitalization of $87.20 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. 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 one year low of $109.11 and a one year high of $159.99. The company has a fifty day simple moving average of $150.81 and a 200 day simple moving average of $147.10.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 EPS. Sell-side analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on Fiserv in a research report on Wednesday, June 12th. They set an “overweight” rating and a $180.00 price target on the stock. BMO Capital Markets increased their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen increased their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. UBS Group raised their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

Fiserv Company 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.