Delphi Management Inc. MA Has $1.53 Million Position in Fiserv, Inc. (NYSE:FI)

Delphi Management Inc. MA reduced its stake in Fiserv, Inc. (NYSE:FI) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,271 shares of the business services provider’s stock after selling 812 shares during the period. Delphi Management Inc. MA’s holdings in Fiserv were worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 3Chopt Investment Partners LLC acquired a new position in shares of Fiserv in the second quarter valued at $320,000. SPC Financial Inc. acquired a new position in shares of Fiserv in the second quarter valued at $206,000. Truist Financial Corp increased its holdings in shares of Fiserv by 1.4% in the second quarter. Truist Financial Corp now owns 279,379 shares of the business services provider’s stock valued at $41,639,000 after purchasing an additional 3,924 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Fiserv by 2.0% in the second quarter. EP Wealth Advisors LLC now owns 12,276 shares of the business services provider’s stock valued at $1,830,000 after purchasing an additional 235 shares during the last quarter. Finally, Brandes Investment Partners LP increased its holdings in shares of Fiserv by 10.3% in the second quarter. Brandes Investment Partners LP now owns 1,213,309 shares of the business services provider’s stock valued at $180,835,000 after purchasing an additional 113,193 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John Gibbons sold 18,890 shares of Fiserv 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 transaction, the executive vice president now directly 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 through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the business’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 directly owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold a total of 211,890 shares of company stock valued at $36,572,057 over the last ninety days. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

NYSE:FI opened at $179.65 on Tuesday. The stock has a market cap of $105.11 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. 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 stock’s 50-day moving average is $168.75 and its 200-day moving average is $158.00. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $179.95.

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

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. B. Riley boosted 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. Robert W. Baird boosted their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

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.