University of Texas Texas AM Investment Management Co. Sells 15,199 Shares of Fiserv, Inc. (NYSE:FI)

University of Texas Texas AM Investment Management Co. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 58.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,706 shares of the business services provider’s stock after selling 15,199 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Fiserv were worth $1,596,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cooper Financial Group boosted its holdings in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after buying an additional 67 shares during the last quarter. Quent Capital LLC boosted its stake in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares during the last quarter. Fielder Capital Group LLC increased its stake in Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares in the last quarter. Andina Capital Management LLC increased its stake in Fiserv by 3.1% in the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 70 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its holdings in Fiserv by 3.0% in the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock worth $365,000 after purchasing an additional 72 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders 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 currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on FI shares. B. Riley upped their price objective 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. JPMorgan Chase & Co. increased their price target on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. TD Cowen lifted their price objective on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Finally, Oppenheimer initiated coverage on shares of Fiserv in a report on Tuesday. They set an “outperform” rating and a $203.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.28.

Fiserv Stock Up 0.9 %

Fiserv stock opened at $181.33 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $169.23 and its 200-day moving average is $158.22. The firm has a market capitalization of $106.10 billion, a PE ratio of 33.89, a P/E/G ratio of 1.45 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $181.88.

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 the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.81 earnings per share. Sell-side analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current year.

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.