Integral Investment Advisors Inc. Buys 1,685 Shares of Fiserv, Inc. (NYSE:FI)

Integral Investment Advisors Inc. grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 25.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,200 shares of the business services provider’s stock after acquiring an additional 1,685 shares during the period. Integral Investment Advisors Inc.’s holdings in Fiserv were worth $1,222,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position 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 worth $7,147,305,000 after buying an additional 417,459 shares during the period. Capital World Investors increased its position in shares of Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Fiserv during the fourth quarter worth $960,592,000. Veritas Asset Management LLP acquired a new stake in Fiserv in the fourth quarter worth $927,298,000. Finally, Parnassus Investments LLC acquired a new stake in Fiserv in the fourth quarter worth $900,674,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE:FI traded up $1.65 during mid-day trading on Friday, hitting $174.60. 2,373,597 shares of the stock traded hands, compared to its average volume of 2,481,586. 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 12-month low of $109.11 and a 12-month high of $174.81. The company has a market cap of $102.16 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The business’s 50-day moving average price is $158.44 and its 200 day moving average price is $153.86.

Fiserv (NYSE:FI) last released its quarterly 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 net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the company earned $1.81 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Fiserv, Inc. will post 8.73 EPS for the current fiscal year.

Insider Activity

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 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 directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated 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 owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,690 shares of company stock valued at $14,833,215. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FI shares. Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. TD Cowen lifted 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. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $154.00 to $175.00 in a report on Monday, July 22nd. B. Riley lifted their price objective on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted 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. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.32.

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.