Fiserv, Inc. (NYSE:FI) Shares Sold by Delaney Dennis R

Delaney Dennis R lowered its position in Fiserv, Inc. (NYSE:FI) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,711 shares of the business services provider’s stock after selling 988 shares during the period. Fiserv comprises 3.8% of Delaney Dennis R’s holdings, making the stock its 7th largest position. Delaney Dennis R’s holdings in Fiserv were worth $7,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new position in Fiserv in the 1st quarter worth $25,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $27,000. Family Firm Inc. bought a new position in shares of Fiserv during the second quarter worth about $31,000. Finally, ZRC Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter valued at approximately $32,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 0.0 %

FI stock opened at $175.23 on Thursday. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $176.76. 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 stock has a market capitalization of $102.53 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.38 and a beta of 0.93. The business’s fifty day moving average price is $165.19 and its two-hundred day moving average price is $156.39.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. B. Riley raised their target price on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. 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 report on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, BTIG Research initiated coverage on Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Six investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.32.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a filing with the SEC, which is available at this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 directly owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of 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. Over the last ninety days, insiders have sold 66,890 shares of company stock valued at $10,853,407. 0.75% of the stock is currently owned by company insiders.

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.