Aurora Investment Counsel Lowers Holdings in Fiserv, Inc. (NYSE:FI)

Aurora Investment Counsel trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 10.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,226 shares of the business services provider’s stock after selling 704 shares during the quarter. Aurora Investment Counsel’s holdings in Fiserv were worth $928,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD bought a new stake in Fiserv in the 4th quarter worth approximately $5,885,279,000. Capital World Investors purchased a new stake in Fiserv during the fourth quarter valued at $2,329,623,000. Veritas Asset Management LLP bought a new position in Fiserv during the fourth quarter valued at $927,298,000. Northern Trust Corp purchased a new position in shares of Fiserv in the 4th quarter worth $784,200,000. Finally, BlueSpruce Investments LP bought a new stake in shares of Fiserv in the 4th quarter worth about $646,368,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. BMO Capital Markets lifted their target price on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. KeyCorp increased their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. TD Cowen lifted their price objective on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird increased their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.88.

Insider Buying and Selling

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 value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the 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 completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred 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 sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock worth $36,572,057 in the last 90 days. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 0.7 %

Shares of NYSE FI opened at $179.65 on Tuesday. The stock has a market capitalization of $105.11 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 1.45 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 12-month low of $109.11 and a 12-month high of $179.95. The stock’s fifty day simple moving average is $168.75 and its two-hundred day simple moving average is $158.00.

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. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal 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.