Fiserv, Inc. (NYSE:FI) Stock Position Increased by Broderick Brian C

Broderick Brian C increased its stake in Fiserv, Inc. (NYSE:FI) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 97,582 shares of the business services provider’s stock after buying an additional 7,221 shares during the quarter. Fiserv makes up 3.3% of Broderick Brian C’s portfolio, making the stock its 9th biggest position. Broderick Brian C’s holdings in Fiserv were worth $15,596,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the 1st quarter valued at $25,000. West Oak Capital LLC purchased a new position in shares of Fiserv in the 4th quarter worth $27,000. Halpern Financial Inc. bought a new position in Fiserv in the 4th quarter worth $27,000. GW&K Investment Management LLC bought a new position in Fiserv in the 4th quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in Fiserv in the 4th quarter worth $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Up 1.6 %

FI traded up $2.36 on Thursday, hitting $151.25. The company had a trading volume of 2,037,044 shares, compared to its average volume of 2,474,821. The company has a market cap of $88.50 billion, a PE ratio of 28.27, a PEG ratio of 1.22 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $150.34 and its 200 day simple moving average is $147.99.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were 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 of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock worth $7,611,991 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FI shares. KeyCorp raised their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Citigroup raised their target price on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their price target on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, TD Cowen raised their price target on Fiserv from $167.00 to $175.00 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

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.