Fiserv, Inc. (NYSE:FI) Stake Lessened by Bokf Na

Bokf Na lessened its stake in Fiserv, Inc. (NYSE:FI) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,204 shares of the business services provider’s stock after selling 2,664 shares during the period. Bokf Na’s holdings in Fiserv were worth $1,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC bought a new stake in Fiserv during the first quarter valued at $25,000. ZRC Wealth Management LLC bought a new stake in Fiserv during the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv during the fourth quarter valued at $27,000. GW&K Investment Management LLC bought a new stake in Fiserv during the fourth quarter valued at $27,000. Finally, Private Wealth Management Group LLC bought a new stake in Fiserv during the fourth quarter valued at $30,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’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 transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Insiders sold 50,800 shares of company stock valued at $7,696,448 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 2.5 %

NYSE FI traded up $3.93 on Friday, hitting $159.94. 3,345,301 shares of the company were exchanged, compared to its average volume of 2,515,755. The company’s 50 day moving average price is $151.29 and its 200-day moving average price is $149.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $93.58 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $162.47.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. Analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada boosted their price target on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets boosted their price target on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday. Finally, B. Riley boosted their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

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.