Fiserv, Inc. (NYSE:FI) Position Lessened by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,921 shares of the business services provider’s stock after selling 22,720 shares during the quarter. Ensign Peak Advisors Inc owned about 0.05% of Fiserv worth $46,638,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FI. Aveo Capital Partners LLC bought a new stake in Fiserv in the 4th quarter valued at about $309,000. 9258 Wealth Management LLC bought a new position in Fiserv in the 4th quarter worth approximately $552,000. Assetmark Inc. bought a new stake in Fiserv during the 4th quarter valued at $826,000. King Luther Capital Management Corp acquired a new position in Fiserv during the 4th quarter worth $406,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Fiserv in the fourth quarter worth $7,842,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 0.7 %

Shares of Fiserv stock opened at $177.61 on Friday. 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 $178.89. The stock has a 50-day moving average price of $166.23 and a 200 day moving average price of $156.78. The company has a market cap of $103.92 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings results 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. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the subject of several research analyst reports. B. Riley upped their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target 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. BMO Capital Markets raised their price objective on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. KeyCorp upped their target price on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Six equities research 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.32.

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of the 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 completion of 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 SEC, which is available through this hyperlink. In other Fiserv news, 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 value of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm’s 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 transaction, 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 a total of 66,890 shares of company stock worth $10,853,407 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

About Fiserv

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.