Fiserv, Inc. (NYSE:FI) Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. reduced its stake in shares of Fiserv, Inc. (NYSE:FIFree Report) by 26.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 215,400 shares of the business services provider’s stock after selling 76,600 shares during the period. Factory Mutual Insurance Co.’s holdings in Fiserv were worth $34,425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meritage Portfolio Management purchased a new stake in Fiserv during the fourth quarter worth $995,000. Piscataqua Savings Bank purchased a new stake in Fiserv during the 4th quarter worth approximately $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $78,000. Liberty Capital Management Inc. purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter worth approximately $84,583,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John Gibbons sold 2,800 shares of the business’s 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 owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Fiserv 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,729 shares of company stock worth $7,611,991. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Down 1.1 %

NYSE FI traded down $1.58 on Tuesday, hitting $148.69. 834,863 shares of the stock were exchanged, compared to its average volume of 2,490,062. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a 50-day moving average price of $150.66 and a 200-day moving average price of $146.75. The company has a market cap of $87.00 billion, a PE ratio of 28.09, a PEG ratio of 1.21 and a beta of 0.93. 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 (NYSE:FIGet Free Report) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm 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%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. Sell-side analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. B. Riley raised their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen raised their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Stephens reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their target price on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Susquehanna increased their price target on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.44.

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Fiserv Profile

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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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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