Fiserv, Inc. (NYSE:FI) Shares Sold by Chesapeake Wealth Management

Chesapeake Wealth Management cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,783 shares of the business services provider’s stock after selling 107 shares during the period. Chesapeake Wealth Management’s holdings in Fiserv were worth $713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter valued at approximately $25,000. ZRC Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter valued at $32,000. RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv in the 4th quarter valued at $27,000. GW&K Investment Management LLC purchased a new stake in Fiserv in the 4th quarter worth $27,000. Finally, Family Firm Inc. acquired a new position in Fiserv during the second quarter worth $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP John Gibbons sold 18,890 shares of the firm’s 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv 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 approximately $25,350,427.14. The disclosure for this sale can be found here. Insiders sold a total of 66,890 shares of company stock worth $10,853,407 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. TD Cowen boosted their price objective on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Citigroup raised Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. B. Riley increased their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Fiserv Stock Down 0.7 %

Shares of FI opened at $177.61 on Friday. The company’s 50-day moving average price is $166.23 and its 200 day moving average price is $156.74. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $178.89. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market cap of $103.92 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

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