AMJ Financial Wealth Management Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

AMJ Financial Wealth Management increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 34.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,947 shares of the business services provider’s stock after acquiring an additional 12,511 shares during the period. Fiserv comprises 2.3% of AMJ Financial Wealth Management’s holdings, making the stock its 24th largest position. AMJ Financial Wealth Management’s holdings in Fiserv were worth $7,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. grew its stake in Fiserv by 4.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 12,653 shares of the business services provider’s stock worth $1,886,000 after purchasing an additional 521 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Fiserv by 70.2% during the 2nd quarter. Gryphon Financial Partners LLC now owns 2,237 shares of the business services provider’s stock worth $333,000 after purchasing an additional 923 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Fiserv by 4.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 78,782 shares of the business services provider’s stock worth $11,741,000 after buying an additional 3,351 shares during the period. Andra AP fonden raised its position in Fiserv by 9.7% in the second quarter. Andra AP fonden now owns 55,295 shares of the business services provider’s stock valued at $8,241,000 after purchasing an additional 4,900 shares during the period. Finally, Royal London Asset Management Ltd. grew its stake in shares of Fiserv by 3.9% during the second quarter. Royal London Asset Management Ltd. now owns 249,990 shares of the business services provider’s stock valued at $37,259,000 after acquiring an additional 9,330 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now directly 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 accessible through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the business’s 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders sold 90,890 shares of company stock valued at $14,416,687 in the last three months. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on FI shares. Citigroup upgraded Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. KeyCorp boosted their price target on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Six 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $174.32.

Fiserv Stock Performance

Shares of Fiserv stock traded up $0.33 on Tuesday, reaching $172.77. 65,702 shares of the stock were exchanged, compared to its average volume of 2,457,612. 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 $175.47. The firm has a market capitalization of $101.09 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.37 and a beta of 0.93. The business has a 50 day moving average price of $161.80 and a two-hundred day moving average price of $155.25.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the company posted $1.81 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

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.