Stonebridge Capital Advisors LLC Boosts Stake in Fiserv, Inc. (NYSE:FI)

Stonebridge Capital Advisors LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 16.1% during the 1st quarter, HoldingsChannel reports. The fund owned 4,187 shares of the business services provider’s stock after purchasing an additional 580 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Fiserv were worth $669,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Meritage Portfolio Management acquired a new position in shares of Fiserv during the 4th quarter worth about $995,000. Piscataqua Savings Bank acquired a new position in shares of Fiserv during the 4th quarter worth about $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $84,583,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday. Stephens reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a report on Wednesday, April 24th. TD Cowen increased their price objective on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.19.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were 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 owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,800 shares of company stock worth $7,696,448. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 2.5 %

Shares of NYSE FI traded up $3.93 during trading on Friday, reaching $159.94. The stock had a trading volume of 3,345,301 shares, compared to its average volume of 2,515,755. The business’s 50-day moving average price is $151.29 and its 200-day moving average price is $149.84. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $162.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $93.58 billion, a P/E ratio of 29.90, a PEG ratio of 1.27 and a beta of 0.92.

Fiserv (NYSE:FI) last released 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. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.81 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 8.71 EPS for the current fiscal year.

About Fiserv

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.