Ieq Capital LLC Acquires 2,366 Shares of Fiserv, Inc. (NYSE:FI)

Ieq Capital LLC boosted its holdings in Fiserv, Inc. (NYSE:FI) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,422 shares of the business services provider’s stock after purchasing an additional 2,366 shares during the quarter. Ieq Capital LLC’s holdings in Fiserv were worth $4,832,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC purchased a new position in Fiserv during the first quarter valued at $25,000. ZRC Wealth Management LLC purchased a new position in shares of Fiserv during the first quarter valued at about $32,000. RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv in the fourth quarter worth about $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $27,000. Finally, Family Firm Inc. bought a new position in Fiserv during the second quarter valued at approximately $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

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

Analyst Ratings Changes

A number of research firms have issued reports on FI. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. TD Cowen boosted their price target on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. BTIG Research began coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Six research 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.32.

Fiserv Trading Down 0.7 %

FI stock opened at $177.61 on Friday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89. The firm’s 50-day moving average is $166.23 and its 200 day moving average is $156.74. The company has a market capitalization of $103.92 billion, a PE ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

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