Fiserv, Inc. (NYSE:FI) Stock Holdings Reduced by New South Capital Management Inc.

New South Capital Management Inc. trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 609,590 shares of the business services provider’s stock after selling 9,282 shares during the period. Fiserv accounts for approximately 4.1% of New South Capital Management Inc.’s portfolio, making the stock its 5th largest holding. New South Capital Management Inc.’s holdings in Fiserv were worth $90,853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at approximately $25,000. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the first quarter worth $32,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv in the fourth quarter worth $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $27,000. Finally, Family Firm Inc. bought a new stake in shares of Fiserv during the 2nd quarter valued at $31,000. 90.98% of the stock is currently owned by institutional investors.

Insider Transactions at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the company’s 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,690 shares of company stock valued at $14,833,215. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FI. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. B. Riley upped their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company raised their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. KeyCorp increased their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Mizuho boosted their target price on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Trading Down 1.4 %

FI opened at $170.02 on Friday. Fiserv, Inc. has a one year low of $109.11 and a one year high of $175.47. 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 business has a 50 day simple moving average of $161.29 and a two-hundred day simple moving average of $155.04. The firm has a market capitalization of $99.48 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 1.41 and a beta of 0.93.

Fiserv (NYSE:FI) last announced 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. The company had revenue of $5.11 billion during 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. Analysts predict that Fiserv, Inc. will post 8.74 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.