Fiserv, Inc. (NYSE:FI) Shares Sold by Delaney Dennis R

Delaney Dennis R trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,699 shares of the business services provider’s stock after selling 757 shares during the period. Fiserv comprises about 4.2% of Delaney Dennis R’s holdings, making the stock its 5th biggest holding. Delaney Dennis R’s holdings in Fiserv were worth $7,783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Broderick Brian C lifted its holdings in shares of Fiserv by 8.0% during the first quarter. Broderick Brian C now owns 97,582 shares of the business services provider’s stock valued at $15,596,000 after purchasing an additional 7,221 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Fiserv by 3.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 37,961 shares of the business services provider’s stock worth $6,067,000 after acquiring an additional 1,275 shares in the last quarter. 9258 Wealth Management LLC lifted its stake in Fiserv by 3.1% in the 1st quarter. 9258 Wealth Management LLC now owns 4,284 shares of the business services provider’s stock worth $685,000 after acquiring an additional 128 shares in the last quarter. Signaturefd LLC lifted its stake in Fiserv by 1.2% in the 1st quarter. Signaturefd LLC now owns 13,718 shares of the business services provider’s stock worth $2,192,000 after acquiring an additional 158 shares in the last quarter. Finally, FDx Advisors Inc. lifted its stake in Fiserv by 5.0% in the 1st quarter. FDx Advisors Inc. now owns 2,554 shares of the business services provider’s stock worth $408,000 after acquiring an additional 122 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NYSE:FI traded up $2.36 during mid-day trading on Thursday, hitting $151.25. 2,037,044 shares of the company’s stock traded hands, compared to its average volume of 2,474,821. The firm has a 50 day moving average of $150.34 and a two-hundred day moving average of $147.99. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The firm has a market capitalization of $88.50 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. 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 (NYSE:FI) last announced 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 return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FI shares. Evercore ISI reissued an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. KeyCorp increased their price objective on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. TD Cowen increased their price objective on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred 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 owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now 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. In the last quarter, insiders sold 50,729 shares of company stock worth $7,611,991. 0.75% of the stock is currently owned by company insiders.

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.