Capital Asset Advisory Services LLC Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

Capital Asset Advisory Services LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 21.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,624 shares of the business services provider’s stock after selling 1,016 shares during the period. Capital Asset Advisory Services LLC’s holdings in Fiserv were worth $570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FI. Vanguard Group Inc. purchased a new stake in Fiserv in the 3rd quarter worth approximately $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Fiserv during the 4th quarter valued at $5,885,279,000. Capital World Investors purchased a new stake in shares of Fiserv during the 4th quarter valued at $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv during the 4th quarter valued at $960,592,000. Finally, Veritas Asset Management LLP purchased a new stake in shares of Fiserv during the 4th quarter valued at $927,298,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FI. Robert W. Baird boosted their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen boosted their price objective on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. KeyCorp boosted their price objective on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Barclays boosted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.44.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated 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 in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,729 shares of company stock valued at $7,611,991. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

FI opened at $149.04 on Friday. The company has a 50-day moving average of $150.81 and a 200-day moving average of $147.01. The company has a market capitalization of $87.20 billion, a P/E ratio of 27.86, a PEG ratio of 1.20 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion during 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 company’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 EPS. Equities analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal 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.