Fiserv, Inc. (NYSE:FI) Position Reduced by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,808 shares of the business services provider’s stock after selling 139 shares during the period. Gateway Investment Advisers LLC’s holdings in Fiserv were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Valley Advisors LLC grew its position in Fiserv by 6.4% in the first quarter. Central Valley Advisors LLC now owns 10,901 shares of the business services provider’s stock worth $1,742,000 after buying an additional 656 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Fiserv in the first quarter worth approximately $24,658,000. City Holding Co. grew its position in Fiserv by 4.2% in the first quarter. City Holding Co. now owns 10,407 shares of the business services provider’s stock worth $1,663,000 after buying an additional 415 shares during the last quarter. Ballentine Partners LLC grew its position in Fiserv by 8.6% in the first quarter. Ballentine Partners LLC now owns 7,162 shares of the business services provider’s stock worth $1,145,000 after buying an additional 567 shares during the last quarter. Finally, Royal Fund Management LLC acquired a new position in Fiserv in the first quarter worth approximately $221,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 23,929 shares of the business’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 approximately $24,847,871.21. The disclosure for this sale can be found here. Insiders sold a total of 50,729 shares of company stock valued at $7,611,991 in the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.6 %

FI stock opened at $149.72 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a fifty day simple moving average of $150.71 and a 200 day simple moving average of $146.87. The firm has a market cap of $87.60 billion, a PE ratio of 27.99, a PEG ratio of 1.20 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the business earned $1.58 EPS. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Wells Fargo & Company assumed coverage on shares of Fiserv in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price target on the stock. B. Riley lifted their price target on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Mizuho lifted their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, TD Cowen lifted their price objective on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.