D.A. Davidson & CO. Has $25.50 Million Stake in Fiserv, Inc. (NYSE:FI)

D.A. Davidson & CO. lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,079 shares of the business services provider’s stock after acquiring an additional 1,571 shares during the quarter. D.A. Davidson & CO.’s holdings in Fiserv were worth $25,498,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FI. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the 1st quarter valued at $25,000. GW&K Investment Management LLC bought a new position in Fiserv during the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC bought a new position in Fiserv during the 4th quarter worth $27,000. Private Wealth Management Group LLC bought a new position in Fiserv during the 4th quarter worth $30,000. Finally, Family Firm Inc. bought a new position in Fiserv during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, 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 93,690 shares of company stock worth $14,833,215 in the last 90 days. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.0 %

FI stock traded up $1.65 during mid-day trading on Friday, reaching $174.60. 2,373,597 shares of the company traded hands, compared to its average volume of 2,194,142. The stock has a market cap of $100.52 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 1.41 and a beta of 0.92. 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 fifty-two week low of $109.11 and a fifty-two week high of $174.81. The firm’s 50 day moving average price is $158.94 and its 200 day moving average price is $154.15.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion during 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 company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FI shares. B. Riley raised their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. TD Cowen raised their target price on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Mizuho raised their target price on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.32.

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.