Fiserv, Inc. (NYSE:FI) Shares Sold by CFO4Life Group LLC

CFO4Life Group LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,077 shares of the business services provider’s stock after selling 352 shares during the quarter. CFO4Life Group LLC’s holdings in Fiserv were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Integrated Wealth Concepts LLC boosted its stake in Fiserv by 5.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,154 shares of the business services provider’s stock valued at $1,712,000 after purchasing an additional 723 shares during the period. Creative Planning boosted its stake in Fiserv by 6.2% during the 3rd quarter. Creative Planning now owns 128,579 shares of the business services provider’s stock valued at $14,524,000 after purchasing an additional 7,470 shares during the period. Silver Oak Securities Incorporated boosted its stake in Fiserv by 16.9% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,458 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 355 shares during the period. Comerica Bank boosted its stake in Fiserv by 110,260.7% during the 3rd quarter. Comerica Bank now owns 190,924 shares of the business services provider’s stock valued at $21,567,000 after purchasing an additional 190,751 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Fiserv during the 3rd quarter valued at about $449,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock valued at $7,611,991 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on FI shares. Evercore ISI reissued an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. UBS Group increased their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. B. Riley increased their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Stephens reissued an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. Finally, BMO Capital Markets increased their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.44.

Fiserv Stock Up 1.9 %

Shares of NYSE:FI traded up $2.84 during midday trading on Friday, reaching $154.09. 1,234,702 shares of the company were exchanged, compared to its average volume of 2,465,498. The stock has a fifty day simple moving average of $150.34 and a two-hundred day simple moving average of $147.99. The firm has a market cap of $90.16 billion, a PE ratio of 28.27, a P/E/G ratio of 1.20 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 0.81. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 earnings per share. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.