Fiserv, Inc. (NYSE:FI) Stock Holdings Boosted by Davidson Capital Management Inc.

Davidson Capital Management Inc. boosted its position in Fiserv, Inc. (NYSE:FI) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,203 shares of the business services provider’s stock after purchasing an additional 1,894 shares during the quarter. Davidson Capital Management Inc.’s holdings in Fiserv were worth $3,011,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv in the first quarter worth $25,000. GW&K Investment Management LLC bought a new position in Fiserv in the 4th quarter valued at about $27,000. RE Dickinson Investment Advisors LLC bought a new position in Fiserv in the 4th quarter valued at about $27,000. Family Firm Inc. bought a new stake in shares of Fiserv during the 2nd quarter worth about $31,000. Finally, ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the 1st quarter worth about $32,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 2.0 %

Fiserv stock opened at $178.79 on Friday. The firm’s 50 day moving average price is $165.74 and its two-hundred day moving average price is $156.54. The firm has a market cap of $104.61 billion, a PE ratio of 33.42, a P/E/G ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $178.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

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. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred 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 completion of the sale, 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 available through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,890 shares of company stock worth $10,853,407. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FI. TD Cowen raised their price objective on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. BTIG Research started coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Finally, Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $154.00 to $175.00 in a report on Monday, July 22nd. Six 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.32.

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.