Tributary Capital Management LLC Has $555,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Tributary Capital Management LLC trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,725 shares of the business services provider’s stock after selling 1,150 shares during the quarter. Tributary Capital Management LLC’s holdings in Fiserv were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meritage Portfolio Management acquired a new position in Fiserv during the 4th quarter worth approximately $995,000. Norden Group LLC acquired a new position in Fiserv during the 1st quarter worth approximately $2,359,000. BlueSpruce Investments LP acquired a new position in Fiserv during the 4th quarter worth approximately $646,368,000. ORG Partners LLC raised its stake in Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares during the period. Finally, OLD National Bancorp IN acquired a new position in Fiserv during the 4th quarter worth approximately $584,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI traded up $1.02 on Friday, hitting $169.81. 2,428,348 shares of the stock traded hands, compared to its average volume of 2,497,019. The business’s fifty day moving average is $156.72 and its two-hundred day moving average is $153.08. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $169.97. The firm has a market capitalization of $99.36 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold a total of 93,690 shares of company stock worth $14,833,215 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FI. Citigroup raised Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday. B. Riley boosted their price objective on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.25.

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.