Fiserv, Inc. (NYSE:FI) Shares Sold by Wambolt & Associates LLC

Wambolt & Associates LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,898 shares of the business services provider’s stock after selling 146 shares during the period. Wambolt & Associates LLC’s holdings in Fiserv were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after buying an additional 789,232 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Fiserv in the 4th quarter worth approximately $5,885,279,000. Capital World Investors acquired a new position in shares of Fiserv during the 4th quarter worth approximately $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $960,592,000. Finally, Veritas Asset Management LLP acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $927,298,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the business’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 $4,213,329.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Insiders have sold 50,729 shares of company stock valued at $7,611,991 over the last quarter. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 1.2 %

NYSE FI traded up $1.72 during trading hours on Friday, hitting $150.51. 1,684,544 shares of the company were exchanged, compared to its average volume of 2,268,045. The company has a 50 day moving average of $150.39 and a two-hundred day moving average of $147.51. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $88.06 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

Fiserv (NYSE:FI) last issued its 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. 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 analysts’ expectations of $4.57 billion. During the same quarter last year, the company earned $1.58 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. Evercore ISI restated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. KeyCorp raised their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Mizuho boosted their target price on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays raised their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Citigroup upped their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price 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.