International Assets Investment Management LLC Has $235,000 Stake in Fiserv, Inc. (NYSE:FI)

International Assets Investment Management LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 99.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,483 shares of the business services provider’s stock after selling 194,987 shares during the quarter. International Assets Investment Management LLC’s holdings in Fiserv were worth $235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FI. Running Oak Capital LLC increased its holdings in shares of Fiserv by 7.0% in the first quarter. Running Oak Capital LLC now owns 79,374 shares of the business services provider’s stock valued at $12,686,000 after purchasing an additional 5,173 shares during the last quarter. 17 Capital Partners LLC bought a new stake in Fiserv during the first quarter worth about $409,000. Gulf International Bank UK Ltd lifted its position in Fiserv by 0.3% during the first quarter. Gulf International Bank UK Ltd now owns 50,942 shares of the business services provider’s stock worth $8,141,000 after purchasing an additional 172 shares during the period. Optimum Investment Advisors lifted its position in Fiserv by 15.4% during the first quarter. Optimum Investment Advisors now owns 4,615 shares of the business services provider’s stock worth $738,000 after purchasing an additional 615 shares during the period. Finally, BTC Capital Management Inc. bought a new stake in Fiserv during the first quarter worth about $9,193,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In related 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 value of $3,632,182.91. Following the sale, 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 available through the SEC website. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the 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 owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,729 shares of company stock valued at $7,611,991. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.6 %

NYSE FI opened at $149.72 on Thursday. The business’s fifty day moving average is $150.71 and its 200-day moving average is $146.87. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The stock has a market capitalization of $87.60 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.20 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 (NYSE:FI) last posted its earnings results 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 business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. Equities research analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Robert W. Baird increased their target price on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. TD Cowen increased their target price on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.44.

Fiserv 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.