Fiserv, Inc. (NYSE:FI) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc raised its stake in Fiserv, Inc. (NYSE:FI) by 54.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 437 shares of the business services provider’s stock after acquiring an additional 154 shares during the quarter. Versant Capital Management Inc’s holdings in Fiserv were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FI. Cooper Financial Group increased its stake in Fiserv by 3.1% in the first 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 last quarter. Quent Capital LLC increased its stake in Fiserv by 5.9% during the first 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% during the first 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% during the first 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% during the first 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. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI traded up $2.57 during mid-day trading on Tuesday, hitting $157.34. The stock had a trading volume of 2,760,924 shares, compared to its average volume of 2,534,042. The company has a market cap of $92.06 billion, a PE ratio of 29.51, a PEG ratio of 1.31 and a beta of 0.92. The company’s fifty day simple moving average is $152.43 and its two-hundred day simple moving average is $151.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $165.56.

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

Wall Street Analyst Weigh In

FI has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Citigroup upgraded Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets upped their price target on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

Insider Transactions at Fiserv

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 value of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related 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 owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,800 shares of company stock worth $7,696,448. 0.75% of the stock is currently owned by corporate 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.