State of Alaska Department of Revenue Buys 300 Shares of Fiserv, Inc. (NYSE:FI)

State of Alaska Department of Revenue grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,873 shares of the business services provider’s stock after acquiring an additional 300 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fiserv were worth $11,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cooper Financial Group grew its position in Fiserv by 3.1% in the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 67 shares during the last quarter. Wedmont Private Capital grew its position in Fiserv by 1.8% in the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 87 shares during the last quarter. Claro Advisors LLC lifted its holdings in shares of Fiserv by 4.6% in the 1st quarter. Claro Advisors LLC now owns 2,076 shares of the business services provider’s stock worth $332,000 after buying an additional 92 shares during the period. Modera Wealth Management LLC lifted its stake in shares of Fiserv by 2.3% during the 3rd quarter. Modera Wealth Management LLC now owns 5,443 shares of the business services provider’s stock worth $615,000 after purchasing an additional 121 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its stake in shares of Fiserv by 0.3% during the 1st quarter. Contravisory Investment Management Inc. now owns 53,379 shares of the business services provider’s stock worth $8,531,000 after purchasing an additional 134 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent analyst reports. Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Jefferies Financial Group upped their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Robert W. Baird upped their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Mizuho increased their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Wells Fargo & Company started coverage on Fiserv in a report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price objective on the stock. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.44.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the business’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 completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock valued at $7,611,991 in the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

FI stock opened at $148.79 on Thursday. The business has a fifty day moving average of $150.66 and a two-hundred day moving average of $147.38. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $87.06 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

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. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts anticipate 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.