Contravisory Investment Management Inc. Buys 134 Shares of Fiserv, Inc. (NYSE:FI)

Contravisory Investment Management Inc. grew its holdings in Fiserv, Inc. (NYSE:FIFree Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,379 shares of the business services provider’s stock after purchasing an additional 134 shares during the quarter. Fiserv comprises about 1.9% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 18th largest position. Contravisory Investment Management Inc.’s holdings in Fiserv were worth $8,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Meritage Portfolio Management acquired a new position in shares of Fiserv during the fourth quarter valued at $995,000. Piscataqua Savings Bank bought a new stake in Fiserv in the fourth quarter valued at about $67,000. GHP Investment Advisors Inc. bought a new stake in Fiserv in the fourth quarter valued at about $78,000. Liberty Capital Management Inc. bought a new stake in Fiserv in the fourth quarter valued at about $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in Fiserv in the fourth quarter valued at about $84,583,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FI. Mizuho increased their price target on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Evercore ISI reissued an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. BMO Capital Markets raised their price objective on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Barclays raised their price objective on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, B. Riley boosted their price target on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.44.

Get Our Latest Stock Report on Fiserv

Fiserv Stock Down 0.1 %

FI stock traded down $0.15 during trading on Friday, reaching $149.79. 6,996,585 shares of the stock were exchanged, compared to its average volume of 2,034,984. The firm’s 50 day moving average is $150.62 and its 200 day moving average is $146.51. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $87.64 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93.

Fiserv (NYSE:FIGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the business earned $1.58 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Transactions at Fiserv

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

About Fiserv

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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