Fiserv, Inc. (NYSE:FI) Shares Sold by Hoylecohen LLC

Hoylecohen LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 19.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,401 shares of the business services provider’s stock after selling 814 shares during the quarter. Hoylecohen LLC’s holdings in Fiserv were worth $507,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after acquiring an additional 417,459 shares during the last quarter. Capital World Investors raised its position in shares of Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv during the 4th quarter worth approximately $960,592,000. Veritas Asset Management LLP purchased a new stake in Fiserv in the 4th quarter valued at approximately $927,298,000. Finally, Parnassus Investments LLC acquired a new stake in Fiserv during the 4th quarter valued at $900,674,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’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 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 document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction 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 this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders have sold a total of 74,800 shares of company stock worth $11,655,728 over the last quarter. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FI shares. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Robert W. Baird raised their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Mizuho lifted their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Citigroup raised shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Five 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.29.

Fiserv Trading Up 1.0 %

NYSE FI traded up $1.60 during mid-day trading on Friday, hitting $167.32. The company’s stock had a trading volume of 3,799,303 shares, compared to its average volume of 2,516,919. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $167.43. The stock’s fifty day simple moving average is $154.72 and its two-hundred day simple moving average is $152.27. The firm has a market capitalization of $97.90 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92.

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