Sei Investments Co. Lowers Holdings in Fiserv, Inc. (NYSE:FI)

Sei Investments Co. lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 633,357 shares of the business services provider’s stock after selling 24,073 shares during the period. Sei Investments Co. owned about 0.11% of Fiserv worth $94,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of Fiserv by 38.8% in the 2nd quarter. Pacer Advisors Inc. now owns 62,455 shares of the business services provider’s stock valued at $9,308,000 after purchasing an additional 17,462 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Fiserv by 0.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 118,534 shares of the business services provider’s stock valued at $17,660,000 after buying an additional 500 shares during the period. AE Wealth Management LLC raised its stake in Fiserv by 176.4% in the second quarter. AE Wealth Management LLC now owns 16,136 shares of the business services provider’s stock worth $2,405,000 after buying an additional 10,298 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Fiserv by 49.0% during the second quarter. King Luther Capital Management Corp now owns 118,607 shares of the business services provider’s stock worth $17,677,000 after buying an additional 39,022 shares during the period. Finally, Bridges Investment Management Inc. boosted its position in Fiserv by 173.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 18,507 shares of the business services provider’s stock valued at $2,758,000 after acquiring an additional 11,732 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 0.7 %

FI stock opened at $177.61 on Friday. The company has a market capitalization 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, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89. The firm’s fifty day simple moving average is $166.23 and its 200-day simple moving average is $156.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 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 net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.81 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was 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 have sold a total of 66,890 shares of company stock valued at $10,853,407 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets lifted their price objective on shares of Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company raised their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv 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.