Fiserv, Inc. (NYSE:FI) Holdings Trimmed by KCM Investment Advisors LLC

KCM Investment Advisors LLC cut its holdings in Fiserv, Inc. (NYSE:FI) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,401 shares of the business services provider’s stock after selling 94 shares during the quarter. KCM Investment Advisors LLC’s holdings in Fiserv were worth $209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the 1st quarter worth $25,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the 4th quarter worth about $27,000. Private Wealth Management Group LLC acquired a new stake in Fiserv during the 4th quarter worth about $30,000. Finally, Family Firm Inc. acquired a new stake in Fiserv during the 2nd quarter worth about $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 1.0 %

Shares of FI traded up $1.65 during trading hours on Friday, hitting $174.60. 2,288,206 shares of the company were exchanged, compared to its average volume of 2,481,586. The firm’s 50 day moving average is $158.44 and its 200-day moving average is $153.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $174.81. The company has a market cap of $102.16 billion, a PE ratio of 32.64, a PEG ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 8.73 EPS for the current fiscal year.

Insider Activity at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of Fiserv 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,690 shares of company stock worth $14,833,215. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FI shares. KeyCorp lifted their target price on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. BMO Capital Markets boosted their target price on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Citigroup raised Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.