Rise Advisors LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Rise Advisors LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 315 shares of the business services provider’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chickasaw Capital Management LLC acquired a new position in shares of Fiserv during the 1st quarter worth approximately $218,000. GAMMA Investing LLC raised its position in Fiserv by 15.5% during the first quarter. GAMMA Investing LLC now owns 9,765 shares of the business services provider’s stock worth $1,561,000 after acquiring an additional 1,308 shares during the period. NBC Securities Inc. lifted its holdings in Fiserv by 7.3% during the first quarter. NBC Securities Inc. now owns 10,917 shares of the business services provider’s stock valued at $1,744,000 after purchasing an additional 747 shares in the last quarter. CWM LLC grew its position in shares of Fiserv by 8.9% in the first quarter. CWM LLC now owns 23,276 shares of the business services provider’s stock valued at $3,720,000 after purchasing an additional 1,912 shares during the period. Finally, Cullen Investment Group LTD. increased its stake in shares of Fiserv by 1.8% during the first quarter. Cullen Investment Group LTD. now owns 13,504 shares of the business services provider’s stock worth $2,137,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were 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 approximately $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The transaction 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 business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Up 0.3 %

Shares of FI stock opened at $149.95 on Friday. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a market cap of $87.74 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The company has a 50-day moving average of $150.65 and a two-hundred day moving average of $146.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.58 EPS. On average, analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of several research analyst reports. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Stephens reiterated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. TD Cowen increased their price objective on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. KeyCorp lifted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada increased their target price on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Company 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.