Royal Fund Management LLC Invests $221,000 in Fiserv, Inc. (NYSE:FI)

Royal Fund Management LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,380 shares of the business services provider’s stock, valued at approximately $221,000.

Several other institutional investors have also added to or reduced their stakes in FI. Vanguard Group Inc. bought a new stake in shares of Fiserv in the 3rd quarter worth about $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new position in Fiserv in the fourth quarter worth about $5,885,279,000. Capital World Investors bought a new stake in Fiserv during the fourth quarter worth approximately $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in Fiserv during the fourth quarter valued at approximately $960,592,000. Finally, Veritas Asset Management LLP bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $927,298,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the business’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 owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock valued at $7,611,991 in the last 90 days. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FI. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Stephens reissued an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. Mizuho raised their target price on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. KeyCorp upped their price target on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $165.44.

Fiserv Stock Up 0.2 %

NYSE FI traded up $0.25 during midday trading on Monday, hitting $150.04. 65,465 shares of the company traded hands, compared to its average volume of 2,487,496. The company has a market cap of $87.79 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. 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, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50-day simple moving average is $150.62 and its 200-day simple moving average is $146.62.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.