Rehmann Capital Advisory Group lifted its position in Fiserv, Inc. (NYSE:FI – Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,922 shares of the business services provider’s stock after acquiring an additional 85 shares during the period. Rehmann Capital Advisory Group’s holdings in Fiserv were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. lifted its position in Fiserv by 8.0% during the fourth quarter. ST Germain D J Co. Inc. now owns 4,794 shares of the business services provider’s stock worth $27,000 after buying an additional 354 shares in the last quarter. Atlas Capital Advisors LLC raised its position in Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in Fiserv in the fourth quarter valued at $30,000. Dark Forest Capital Management LP purchased a new stake in Fiserv in the first quarter valued at $32,000. Finally, Optiver Holding B.V. purchased a new stake in Fiserv in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.
Analysts Set New Price Targets
FI has been the topic of a number of research analyst reports. Raymond James lifted their target price on Fiserv from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Stephens lifted their price objective on Fiserv from $125.00 to $135.00 in a research note on Thursday, July 27th. Robert W. Baird boosted their target price on Fiserv from $145.00 to $148.00 in a research note on Thursday, July 27th. JPMorgan Chase & Co. boosted their target price on Fiserv from $136.00 to $146.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. Finally, Susquehanna upped their price objective on Fiserv from $140.00 to $170.00 in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.90.
Fiserv Stock Down 0.8 %
FI opened at $121.81 on Wednesday. The business has a 50 day moving average price of $124.82 and a two-hundred day moving average price of $119.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.74. The company has a market cap of $74.26 billion, a PE ratio of 30.68, a P/E/G ratio of 1.26 and a beta of 0.88. Fiserv, Inc. has a 52 week low of $91.55 and a 52 week high of $130.74.
Fiserv (NYSE:FI – Get Free Report) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.81. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.54 billion. Fiserv had a return on equity of 14.15% and a net margin of 13.60%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 7.44 EPS for the current year.
Insider Transactions at Fiserv
In other news, COO Guy Chiarello sold 6,750 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.92, for a total transaction of $822,960.00. Following the completion of the transaction, the chief operating officer now directly owns 167,106 shares of the company’s stock, valued at approximately $20,373,563.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 20,250 shares of company stock valued at $2,512,688. Corporate insiders own 1.00% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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