Elo Mutual Pension Insurance Co Trims Holdings in Fiserv, Inc. (NYSE:FI)

Elo Mutual Pension Insurance Co decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.2% during the second quarter, HoldingsChannel.com reports. The firm owned 54,174 shares of the business services provider’s stock after selling 666 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Fiserv were worth $8,074,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the first quarter valued at about $25,000. GW&K Investment Management LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $27,000. Family Firm Inc. bought a new position in Fiserv in the 2nd quarter valued at $31,000. Finally, ZRC Wealth Management LLC purchased a new position in shares of Fiserv during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.0 %

NYSE FI opened at $175.34 on Wednesday. The stock has a market capitalization of $102.59 billion, a PE ratio of 32.77, a PEG ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $176.48. The business’s 50-day moving average is $164.66 and its 200 day moving average is $156.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

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

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,890 shares of company stock worth $10,853,407. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Wells Fargo & Company lifted their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

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.