Fidelis Capital Partners LLC Sells 283 Shares of Fiserv, Inc. (NYSE:FI)

Fidelis Capital Partners LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 7.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,508 shares of the business services provider’s stock after selling 283 shares during the period. Fidelis Capital Partners LLC’s holdings in Fiserv were worth $548,000 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 bought a new position in Fiserv in the 1st quarter worth approximately $25,000. ZRC Wealth Management LLC purchased a new position in shares of Fiserv in the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Family Firm Inc. purchased a new stake in Fiserv during the 2nd quarter worth about $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Fiserv during the 1st quarter valued at about $37,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,890 shares of company stock worth $10,853,407. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. BTIG Research initiated coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Wells Fargo & Company boosted their price objective on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Finally, KeyCorp boosted their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $174.32.

Fiserv Stock Down 0.7 %

Shares of NYSE:FI opened at $177.61 on Monday. The stock’s 50-day moving average is $166.23 and its 200 day moving average is $156.83. The company has a market cap 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, Inc. has a 1 year low of $109.11 and a 1 year high of $178.89.

Fiserv (NYSE:FI) last posted its earnings results 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. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

Fiserv 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.