Sheets Smith Wealth Management Buys 2,136 Shares of Fiserv, Inc. (NYSE:FI)

Sheets Smith Wealth Management grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 77.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,911 shares of the business services provider’s stock after acquiring an additional 2,136 shares during the quarter. Sheets Smith Wealth Management’s holdings in Fiserv were worth $785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the 1st quarter valued at about $25,000. West Oak Capital LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $27,000. ZRC Wealth Management LLC bought a new position in shares of Fiserv during the 1st quarter valued at approximately $32,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the 4th quarter worth approximately $27,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on FI shares. Royal Bank of Canada upped their price objective on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. BMO Capital Markets raised their price objective on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. B. Riley raised their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Mizuho lifted their price target on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $165.44.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value 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 Securities & Exchange Commission, which can be accessed through this link. In other Fiserv 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 value 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 approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated 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 completion of 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. In the last three months, insiders have sold 50,800 shares of company stock worth $7,696,448. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI traded up $0.82 during mid-day trading on Wednesday, hitting $157.96. 3,067,808 shares of the stock were exchanged, compared to its average volume of 2,475,083. The company has a market cap of $92.42 billion, a P/E ratio of 29.37, a PEG ratio of 1.25 and a beta of 0.92. The stock’s fifty day simple moving average is $150.60 and its two-hundred day simple moving average is $148.67. 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 twelve month low of $109.11 and a twelve month high of $159.99.

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

Fiserv 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.