Fiserv, Inc. (NYSE:FI) Shares Sold by Veracity Capital LLC

Veracity Capital LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.8% during the 1st quarter, Holdings Channel reports. The firm owned 13,805 shares of the business services provider’s stock after selling 541 shares during the period. Fiserv makes up about 0.9% of Veracity Capital LLC’s holdings, making the stock its 20th biggest position. Veracity Capital LLC’s holdings in Fiserv were worth $2,206,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FI. West Oak Capital LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fiserv 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 value of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the firm’s 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 sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock worth $7,611,991 in the last three months. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FI traded down $0.60 during mid-day trading on Thursday, reaching $148.79. 1,142,575 shares of the company’s stock were exchanged, compared to its average volume of 2,396,854. 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 market capitalization of $87.06 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The business’s fifty day simple moving average is $150.59 and its 200-day simple moving average is $147.39. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share 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 analyst estimates of $4.57 billion. During the same period last year, the firm posted $1.58 EPS. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on FI shares. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. UBS Group raised their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen raised their target price on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada increased their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.44.

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.