Clayton Partners LLC Sells 329 Shares of Fiserv, Inc. (NYSE:FI)

Clayton Partners LLC decreased its stake in Fiserv, Inc. (NYSE:FI) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,786 shares of the business services provider’s stock after selling 329 shares during the quarter. Fiserv makes up 3.3% of Clayton Partners LLC’s holdings, making the stock its 10th biggest position. Clayton Partners LLC’s holdings in Fiserv were worth $4,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Wellington Shields & Co. LLC acquired a new stake in Fiserv during the 1st quarter worth $25,000. GW&K Investment Management LLC acquired a new position in Fiserv during the fourth quarter worth about $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv during the 4th quarter valued at about $27,000. Family Firm Inc. acquired a new stake in Fiserv in the 2nd quarter valued at about $31,000. Finally, ZRC Wealth Management LLC purchased a new position in Fiserv in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on FI. B. Riley lifted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada raised their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. TD Cowen increased their price target on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Citigroup raised shares of Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $174.32.

Insider Activity at Fiserv

In other 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 transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders sold 66,890 shares of company stock worth $10,853,407 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.7 %

FI stock opened at $177.61 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $103.92 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89. The company has a fifty day moving average price of $166.23 and a 200 day moving average price of $156.74.

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

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.