Cyrus J. Lawrence LLC Boosts Holdings in Fiserv, Inc. (NYSE:FI)

Cyrus J. Lawrence LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 58.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 83,947 shares of the business services provider’s stock after purchasing an additional 31,038 shares during the period. Fiserv accounts for 2.5% of Cyrus J. Lawrence LLC’s investment portfolio, making the stock its 12th largest position. Cyrus J. Lawrence LLC’s holdings in Fiserv were worth $12,511,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Aveo Capital Partners LLC purchased a new position in shares of Fiserv during the fourth quarter worth approximately $309,000. 9258 Wealth Management LLC bought a new stake in Fiserv in the fourth quarter valued at approximately $552,000. Assetmark Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $826,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Fiserv in the fourth quarter worth approximately $7,842,000. Finally, SageView Advisory Group LLC purchased a new position in shares of Fiserv in the fourth quarter worth $292,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.7 %

Shares of NYSE:FI opened at $177.61 on Monday. 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 business has a 50 day simple moving average of $166.23 and a two-hundred day simple moving average of $156.83. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $178.89. The firm has a market capitalization of $103.92 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

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

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated 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 directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 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 this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on 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 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. In the last three months, insiders have sold 66,890 shares of company stock worth $10,853,407. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FI has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company upped their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. 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 report on Thursday, July 25th. Finally, StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.32.

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.