Fiserv, Inc. (NYSE:FI) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its position in Fiserv, Inc. (NYSE:FI) by 29.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 18,986 shares of the business services provider’s stock after selling 7,796 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fiserv were worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mutual Advisors LLC bought a new position in Fiserv in the 4th quarter valued at about $678,000. Compagnie Lombard Odier SCmA bought a new position in shares of Fiserv in the fourth quarter valued at approximately $133,000. CoreCap Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $253,000. Portside Wealth Group LLC bought a new stake in Fiserv during the fourth quarter worth approximately $223,000. Finally, Pacer Advisors Inc. acquired a new stake in Fiserv in the fourth quarter worth approximately $5,221,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 2.5 %

NYSE:FI traded up $3.93 during mid-day trading on Friday, reaching $159.94. The stock had a trading volume of 3,303,783 shares, compared to its average volume of 2,527,631. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $93.58 billion, a P/E ratio of 29.16, a PEG ratio of 1.30 and a beta of 0.92. The business’s 50 day moving average is $151.15 and its 200 day moving average is $149.67. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $162.47.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the business posted $1.81 EPS. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was 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 in the company, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock valued at $7,696,448 over the last three months. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FI. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday. Mizuho upped their price target on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays lifted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. B. Riley lifted their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price target on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.19.

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.