Fiserv, Inc. (NYSE:FI) Shares Sold by Barry Investment Advisors LLC

Barry Investment Advisors LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 1.2% in the first quarter, Holdings Channel reports. The firm owned 19,879 shares of the business services provider’s stock after selling 235 shares during the period. Fiserv comprises 1.1% of Barry Investment Advisors LLC’s holdings, making the stock its 29th largest position. Barry Investment Advisors LLC’s holdings in Fiserv were worth $3,177,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cooper Financial Group raised its position in Fiserv by 3.1% during the 1st 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. Wedmont Private Capital raised its position in Fiserv by 1.8% during the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock worth $761,000 after buying an additional 87 shares during the last quarter. Modera Wealth Management LLC raised its position in Fiserv by 2.3% during the 3rd quarter. Modera Wealth Management LLC now owns 5,443 shares of the business services provider’s stock worth $615,000 after buying an additional 121 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Fiserv by 0.3% during the 1st quarter. Contravisory Investment Management Inc. now owns 53,379 shares of the business services provider’s stock worth $8,531,000 after buying an additional 134 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in Fiserv by 5.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,549 shares of the business services provider’s stock worth $288,000 after buying an additional 135 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. BMO Capital Markets raised their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Barclays lifted their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Jefferies Financial Group lifted their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Mizuho lifted their target price on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Citigroup lifted their target price on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.44.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock valued at $7,611,991 in the last 90 days. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

FI traded down $0.04 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. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $150.81 and a 200-day moving average price of $147.18. The stock has a market cap of $87.20 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.20 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the company posted $1.58 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.69 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.