Empirical Finance LLC Has $3.45 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Empirical Finance LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,597 shares of the business services provider’s stock after buying an additional 716 shares during the period. Empirical Finance LLC’s holdings in Fiserv were worth $3,452,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new position in Fiserv during the first quarter worth about $25,000. West Oak Capital LLC bought a new position in Fiserv during the fourth quarter worth about $27,000. ZRC Wealth Management LLC bought a new position in Fiserv during the first quarter worth about $32,000. Halpern Financial Inc. bought a new position in Fiserv during the fourth quarter worth about $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in Fiserv during the fourth quarter worth about $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FI. Wells Fargo & Company started coverage on shares of Fiserv in a research report on Wednesday, June 12th. They set an “overweight” rating and a $180.00 price objective for the company. BMO Capital Markets lifted their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Jefferies Financial Group boosted their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, Stephens restated an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $165.44.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were 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 directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were 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 directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders have sold 50,729 shares of company stock worth $7,611,991 in the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.3 %

Shares of NYSE FI traded up $1.95 during trading on Friday, hitting $153.20. 2,644,549 shares of the company traded hands, compared to its average volume of 2,476,098. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a market capitalization of $89.64 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 1.20 and a beta of 0.92. The business’s fifty day moving average is $150.34 and its 200 day moving average is $147.99.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping 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 company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities 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.