Advisor Resource Council Sells 9,763 Shares of Fiserv, Inc. (NYSE:FI)

Advisor Resource Council lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 68.6% in the first quarter, Holdings Channel reports. The institutional investor owned 4,466 shares of the business services provider’s stock after selling 9,763 shares during the period. Advisor Resource Council’s holdings in Fiserv were worth $714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Cooper Financial Group lifted its position in shares of Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 67 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Fiserv by 1.8% during 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 last quarter. Claro Advisors LLC grew its stake in shares of Fiserv by 4.6% during the first quarter. Claro Advisors LLC now owns 2,076 shares of the business services provider’s stock valued at $332,000 after buying an additional 92 shares during the last quarter. Modera Wealth Management LLC grew its stake in shares of Fiserv by 2.3% during the third quarter. Modera Wealth Management LLC now owns 5,443 shares of the business services provider’s stock valued at $615,000 after buying an additional 121 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Fiserv by 0.3% in the first quarter. Contravisory Investment Management Inc. now owns 53,379 shares of the business services provider’s stock valued at $8,531,000 after purchasing an additional 134 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,729 shares of company stock valued at $7,611,991. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on FI shares. Robert W. Baird increased their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their target price on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. UBS Group raised their target price on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI reissued an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. Finally, Susquehanna raised their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $165.44.

Fiserv Price Performance

Shares of NYSE FI traded down $0.60 on Thursday, hitting $148.79. The company’s stock had a trading volume of 1,142,575 shares, compared to its average volume of 2,396,854. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a market capitalization of $87.06 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. 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 stock has a 50 day moving average of $150.66 and a 200-day moving average of $147.38.

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