AMI Investment Management Inc. Sells 1,904 Shares of Fiserv, Inc. (NYSE:FI)

AMI Investment Management Inc. cut its stake in Fiserv, Inc. (NYSE:FI) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,588 shares of the business services provider’s stock after selling 1,904 shares during the period. Fiserv comprises about 1.5% of AMI Investment Management Inc.’s investment portfolio, making the stock its 19th largest position. AMI Investment Management Inc.’s holdings in Fiserv were worth $4,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the first quarter valued at approximately $25,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv in the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the 4th quarter worth $27,000. Private Wealth Management Group LLC acquired a new position in Fiserv during the 4th quarter valued at about $30,000. Finally, Family Firm Inc. acquired a new position in Fiserv during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was 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 approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of Fiserv 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 transaction, 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 is available at this link. 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 a total of 93,690 shares of company stock worth $14,833,215 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.6 %

Shares of FI traded up $1.02 during midday trading on Friday, hitting $169.81. The company had a trading volume of 2,428,348 shares, compared to its average volume of 2,497,019. The company’s 50-day simple moving average is $156.72 and its 200-day simple moving average is $153.16. 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, Inc. has a 1 year low of $109.11 and a 1 year high of $169.97. The firm has a market capitalization of $99.36 billion, a P/E ratio of 31.74, 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.73 EPS for the current year.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. TD Cowen boosted their price objective on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.25.

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.