North Star Asset Management Inc. Has $46.21 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

North Star Asset Management Inc. reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 310,061 shares of the business services provider’s stock after selling 3,731 shares during the quarter. Fiserv accounts for about 2.2% of North Star Asset Management Inc.’s holdings, making the stock its 6th biggest holding. North Star Asset Management Inc. owned approximately 0.05% of Fiserv worth $46,211,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cooper Financial Group raised its position in Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares during the last quarter. Quent Capital LLC raised its position in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. Fielder Capital Group LLC raised its position in shares of Fiserv by 3.3% during the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after acquiring an additional 68 shares during the last quarter. Andina Capital Management LLC raised its position in shares of Fiserv by 3.1% during the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after acquiring an additional 70 shares during the last quarter. Finally, Sage Mountain Advisors LLC raised its position in shares of Fiserv by 3.0% during the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock worth $365,000 after acquiring an additional 72 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the business’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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the business’s 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 93,690 shares of company stock worth $14,833,215 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of Fiserv stock opened at $170.05 on Friday. The business’s fifty day simple moving average is $161.29 and its 200 day simple moving average is $154.99. The firm has a market capitalization of $99.50 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $175.47. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. As a group, analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. KeyCorp raised their price objective on 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 raised their target price on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note 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 note on Tuesday, August 20th. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Fiserv Company 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.