Wedmont Private Capital Grows Holdings in Fiserv, Inc. (NYSE:FI)

Wedmont Private Capital grew its holdings in Fiserv, Inc. (NYSE:FI) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,289 shares of the business services provider’s stock after purchasing an additional 391 shares during the period. Wedmont Private Capital’s holdings in Fiserv were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv during the first quarter valued at $25,000. ZRC Wealth Management LLC purchased a new position in shares of Fiserv during the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv during the fourth quarter valued at $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv during the fourth quarter valued at $27,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of Fiserv during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of several research reports. Stephens restated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. BMO Capital Markets raised their price objective on Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. TD Cowen raised their price objective on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. B. Riley raised their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Five 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 company. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $172.29.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was 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 directly owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s 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 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 sold 50,800 shares of company stock valued at $7,696,448 over the last quarter. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of Fiserv stock traded up $1.03 on Tuesday, reaching $162.13. 1,188,201 shares of the stock were exchanged, compared to its average volume of 2,512,191. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $165.56. The firm has a market capitalization of $94.86 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 1.31 and a beta of 0.92. The business has a 50 day moving average price of $153.51 and a two-hundred day moving average price of $151.72.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 8.73 earnings per share 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.