Distillate Capital Partners LLC Acquires New Holdings in Fiserv, Inc. (NYSE:FI)

Distillate Capital Partners LLC bought a new stake in Fiserv, Inc. (NYSE:FI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 140,878 shares of the business services provider’s stock, valued at approximately $20,996,000. Fiserv makes up about 1.1% of Distillate Capital Partners LLC’s holdings, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mill Creek Capital Advisors LLC grew its holdings in shares of Fiserv by 0.6% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 13,414 shares of the business services provider’s stock worth $1,999,000 after acquiring an additional 84 shares during the last quarter. Stanley Capital Management LLC acquired a new stake in Fiserv during the 2nd quarter worth about $18,713,000. Marietta Investment Partners LLC lifted its stake in Fiserv by 4.0% during the second quarter. Marietta Investment Partners LLC now owns 47,529 shares of the business services provider’s stock valued at $7,084,000 after buying an additional 1,820 shares in the last quarter. Lombard Odier Asset Management Europe Ltd boosted its holdings in shares of Fiserv by 40.9% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 32,414 shares of the business services provider’s stock worth $4,831,000 after buying an additional 9,414 shares during the period. Finally, Evergreen Capital Management LLC increased its position in shares of Fiserv by 2.5% in the second quarter. Evergreen Capital Management LLC now owns 5,317 shares of the business services provider’s stock worth $792,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the 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 directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,890 shares of company stock worth $36,572,057. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FI shares. StockNews.com downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. B. Riley raised their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Citigroup upgraded Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their target price 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. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $174.88.

Fiserv Stock Up 0.9 %

NYSE FI opened at $179.27 on Tuesday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $179.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $104.89 billion, a PE ratio of 33.51, a PEG ratio of 1.38 and a beta of 0.93. The firm has a 50-day simple moving average of $166.70 and a 200 day simple moving average of $157.03.

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

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.