Sentry Investment Management LLC Has $396,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Sentry Investment Management LLC reduced its stake in Fiserv, Inc. (NYSE:FI) by 17.0% during the 2nd quarter, Holdings Channel reports. The fund owned 2,654 shares of the business services provider’s stock after selling 543 shares during the period. Sentry Investment Management LLC’s holdings in Fiserv were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Fiserv by 9.0% during the second quarter. LPL Financial LLC now owns 362,647 shares of the business services provider’s stock worth $54,049,000 after buying an additional 30,080 shares in the last quarter. AdvisorShares Investments LLC raised its stake in Fiserv by 7.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 44,047 shares of the business services provider’s stock worth $6,481,000 after purchasing an additional 3,026 shares in the last quarter. AMJ Financial Wealth Management raised its stake in Fiserv by 34.3% in the 2nd quarter. AMJ Financial Wealth Management now owns 48,947 shares of the business services provider’s stock worth $7,295,000 after purchasing an additional 12,511 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Fiserv by 4.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 12,653 shares of the business services provider’s stock valued at $1,886,000 after purchasing an additional 521 shares during the period. Finally, Gryphon Financial Partners LLC grew its position 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 in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,890 shares of company stock worth $14,416,687. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.8 %

FI opened at $171.02 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $175.47. The company’s 50 day moving average price is $162.70 and its two-hundred day moving average price is $155.51. The firm has a market capitalization of $100.06 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.37 and a beta of 0.93.

Fiserv (NYSE:FI) last issued 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. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 earnings per share. As a group, research analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FI. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Citigroup raised Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price target on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company upped their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.32.

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.