Ameritas Investment Partners Inc. Sells 177 Shares of Fiserv, Inc. (NYSE:FI)

Ameritas Investment Partners Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,492 shares of the business services provider’s stock after selling 177 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Fiserv were worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cooper Financial Group raised its stake in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares during the period. Quent Capital LLC increased its stake in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares during the last quarter. Manchester Capital Management LLC increased its stake in Fiserv by 0.8% in the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock worth $1,563,000 after acquiring an additional 73 shares during the last quarter. BSW Wealth Partners increased its stake in Fiserv by 2.8% in the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after acquiring an additional 76 shares during the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in Fiserv by 13.7% in the 1st quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock worth $105,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research reports. Citigroup lifted their price objective on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their target price on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Wells Fargo & Company began coverage on Fiserv in a research report on Wednesday, June 12th. They set an “overweight” rating and a $180.00 target price on the stock. B. Riley boosted their target price on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, BMO Capital Markets boosted their target price on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $166.76.

Fiserv Stock Performance

FI stock traded down $1.41 during trading on Tuesday, hitting $157.22. 3,494,198 shares of the company traded hands, compared to its average volume of 2,482,990. The stock’s 50-day simple moving average is $150.89 and its 200 day simple moving average is $149.37. 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 company has a market cap of $91.99 billion, a PE ratio of 29.54, a P/E/G ratio of 1.26 and a beta of 0.92. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last announced its quarterly 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. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.58 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Activity at Fiserv

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 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 can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of Fiserv 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 directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,800 shares of company stock worth $7,696,448. 0.75% of the stock is owned by corporate insiders.

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.