Fiserv, Inc. (NYSE:FI) Shares Bought by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. raised its position in Fiserv, Inc. (NYSE:FI) by 8.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 19,217 shares of the business services provider’s stock after acquiring an additional 1,484 shares during the quarter. Fiserv comprises approximately 1.4% of Investment Research & Advisory Group Inc.’s holdings, making the stock its 22nd largest position. Investment Research & Advisory Group Inc.’s holdings in Fiserv were worth $3,071,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Cooper Financial Group raised its position in Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares in the last quarter. Wedmont Private Capital grew its holdings in Fiserv by 1.8% in the first quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 87 shares during the last quarter. Modera Wealth Management LLC grew its holdings in Fiserv by 2.3% in the third quarter. Modera Wealth Management LLC now owns 5,443 shares of the business services provider’s stock valued at $615,000 after purchasing an additional 121 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in Fiserv by 0.3% in the first quarter. Contravisory Investment Management Inc. now owns 53,379 shares of the business services provider’s stock valued at $8,531,000 after purchasing an additional 134 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in Fiserv by 5.6% in the third quarter. Raleigh Capital Management Inc. now owns 2,549 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 135 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FI. Susquehanna upped their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. KeyCorp upped their target price on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. UBS Group upped their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, TD Cowen increased their price objective on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $165.44.

Fiserv Trading Down 0.0 %

NYSE FI traded down $0.04 during trading hours on Friday, hitting $149.04. 3,926,039 shares of the company’s stock were exchanged, compared to its average volume of 2,461,209. The business’s 50 day moving average is $150.81 and its 200-day moving average is $147.10. The firm has a market capitalization of $87.20 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.58 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock worth $7,611,991 in the last three months. 0.75% of the stock is currently owned by company insiders.

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.