EverSource Wealth Advisors LLC Buys 648 Shares of Fiserv, Inc. (NYSE:FI)

EverSource Wealth Advisors LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 21.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,690 shares of the business services provider’s stock after buying an additional 648 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Fiserv were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in Fiserv by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after purchasing an additional 417,459 shares during the last quarter. Capital World Investors boosted its holdings in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after acquiring an additional 1,303,078 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv in the 4th quarter valued at $960,592,000. Veritas Asset Management LLP purchased a new stake in shares of Fiserv in the 4th quarter valued at $927,298,000. Finally, Parnassus Investments LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at $900,674,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 1.5 %

FI stock traded down $2.47 during mid-day trading on Friday, hitting $158.92. 3,082,216 shares of the company were exchanged, compared to its average volume of 2,734,851. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $91.49 billion, a P/E ratio of 29.70, a PEG ratio of 1.31 and a beta of 0.92. The business has a fifty day simple moving average of $152.34 and a 200-day simple moving average of $150.73. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $165.56.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. On average, equities research analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. UBS Group boosted their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, KeyCorp boosted their target price on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.29.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s 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 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 filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold a total of 50,800 shares of company stock valued at $7,696,448 over the last 90 days. 0.75% of the stock is owned by corporate insiders.

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.