Aspire Private Capital LLC Decreases Holdings in Fiserv, Inc. (NYSE:FI)

Aspire Private Capital LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 52.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,380 shares of the business services provider’s stock after selling 3,773 shares during the period. Aspire Private Capital LLC’s holdings in Fiserv were worth $504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Fiserv by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after buying an additional 417,459 shares during the last quarter. Capital World Investors grew its position in 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 bought a new position in Fiserv in the 4th quarter valued at $960,592,000. Veritas Asset Management LLP purchased a new stake in Fiserv in the fourth quarter worth $927,298,000. Finally, Parnassus Investments LLC bought a new stake in shares of Fiserv during the fourth quarter worth $900,674,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. B. Riley upped their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. William Blair raised shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Mizuho increased their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods lifted their target price on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $172.29.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were 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 of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction 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 directly 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 can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Insiders sold 50,800 shares of company stock worth $7,696,448 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.3 %

Shares of Fiserv stock traded down $0.44 during trading on Monday, reaching $161.15. The company’s stock had a trading volume of 2,529,883 shares, compared to its average volume of 2,521,558. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $165.56. The company has a 50-day simple moving average of $153.26 and a two-hundred day simple moving average of $151.57. 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 company has a market cap of $94.29 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the company earned $1.81 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 8.73 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.