Vanguard Personalized Indexing Management LLC Grows Stake in Fiserv, Inc. (NYSE:FI)

Vanguard Personalized Indexing Management LLC boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 20.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,092 shares of the business services provider’s stock after acquiring an additional 7,319 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Fiserv were worth $6,263,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at about $25,000. GW&K Investment Management LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Family Firm Inc. purchased a new position in shares of Fiserv during the 2nd quarter worth $31,000. Finally, ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $32,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The disclosure for this sale can be found here. In the last three months, insiders sold 66,890 shares of company stock valued at $10,853,407. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.0 %

Shares of FI opened at $175.23 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $165.19 and a 200 day moving average of $156.39. The company has a market cap of $102.53 billion, a PE ratio of 32.75, a P/E/G ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $176.76.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the company earned $1.81 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. BTIG Research started coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. B. Riley boosted their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.32.

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.