Norwood Financial Corp Sells 170 Shares of Fiserv, Inc. (NYSE:FI)

Norwood Financial Corp trimmed its position in Fiserv, Inc. (NYSE:FI) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,455 shares of the business services provider’s stock after selling 170 shares during the period. Norwood Financial Corp’s holdings in Fiserv were worth $392,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. West Oak Capital LLC bought a new stake in shares of Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. bought a new stake in Fiserv in the fourth quarter worth $27,000. GW&K Investment Management LLC bought a new stake in Fiserv in the fourth quarter worth $27,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv in the fourth quarter worth $27,000. Finally, Fortitude Family Office LLC bought a new stake in Fiserv in the fourth quarter worth $28,000. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value 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 filing with the SEC, which is accessible through the SEC website. Also, COO Guy Chiarello sold 23,929 shares of the stock in a transaction 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 completion of the sale, 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. Over the last ninety days, insiders sold 50,729 shares of company stock valued at $7,611,991. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Fiserv stock traded down $0.04 during midday trading on Friday, reaching $149.04. 3,925,738 shares of the company traded hands, compared to its average volume of 2,514,187. The firm has a market capitalization of $87.20 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The business has a 50 day moving average of $150.81 and a two-hundred day moving average of $147.01. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share 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 the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’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 firm earned $1.58 earnings per share. As a group, research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FI. Susquehanna boosted their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Robert W. Baird boosted their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Mizuho boosted their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Stephens reissued an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. Finally, UBS Group boosted their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

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.