Fiserv, Inc. (NYSE:FI) Shares Sold by Bowman & Co S.C.

Bowman & Co S.C. lessened its stake in Fiserv, Inc. (NYSE:FI) by 3.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,299 shares of the business services provider’s stock after selling 256 shares during the period. Bowman & Co S.C.’s holdings in Fiserv were worth $1,007,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FI. West Oak Capital LLC purchased a new position in Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter valued at approximately $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $27,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $28,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.6 %

FI stock opened at $149.72 on Thursday. The company has a market cap of $87.60 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.20 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50-day moving average price is $150.71 and its 200 day moving average price is $146.87. 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 (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share. On average, research analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. B. Riley lifted their price objective 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. UBS Group lifted their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Mizuho lifted their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Royal Bank of Canada lifted their price target 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. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the sale, the chief operating officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 directly 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 50,729 shares of company stock valued at $7,611,991 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

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.