Fiserv, Inc. (NYSE:FI) Position Reduced by Cheviot Value Management LLC

Cheviot Value Management LLC cut its position in shares of Fiserv, Inc. (NYSE:FI) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,875 shares of the business services provider’s stock after selling 720 shares during the quarter. Fiserv accounts for 1.5% of Cheviot Value Management LLC’s portfolio, making the stock its 22nd largest position. Cheviot Value Management LLC’s holdings in Fiserv were worth $7,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FI. Price T Rowe Associates Inc. MD increased its holdings in shares of Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after purchasing an additional 417,459 shares during the period. Capital World Investors increased its holdings in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Fiserv by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after purchasing an additional 64,332 shares during the period. Veritas Asset Management LLP acquired a new position in shares of Fiserv in the 4th quarter valued at about $927,298,000. Finally, Parnassus Investments LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $900,674,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction 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 sale, the executive vice president now 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 can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 $27,005,424.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of Fiserv 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 sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock worth $36,572,057 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.9 %

Shares of Fiserv stock opened at $179.27 on Tuesday. The company’s fifty day simple moving average is $166.70 and its 200-day simple moving average is $157.03. The company has a market cap of $104.89 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.38 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $179.53.

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, topping the consensus estimate 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 net margin of 17.45% and a return on equity of 16.41%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.81 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FI shares. StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. BMO Capital Markets increased their price objective on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada increased their price objective on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $174.88.

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.