Aviso Financial Inc. Has $2.38 Million Stock Position in Fiserv, Inc. $FI

Key Points

• Aviso Financial Inc. reduced its stake in Fiserv, Inc. by 16.3% during the first quarter, holding 10,792 shares valued at $2.38 million as of the latest SEC filing.
• Multiple institutional investors, including Vanguard Group and JPMorgan Chase, have increased their holdings, with Vanguard owning over 50 million shares valued at approximately $11 billion.
• Fiserv's stock currently has a consensus target price of $207.08 and an average rating of "Moderate Buy" from analysts, despite price target reductions from some firms.

Aviso Financial Inc. decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 16.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,792 shares of the business services provider's stock after selling 2,099 shares during the quarter. Aviso Financial Inc.'s holdings in Fiserv were worth $2,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after buying an additional 535,407 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after buying an additional 253,544 shares during the period. Nuveen LLC bought a new stake in shares of Fiserv in the first quarter valued at approximately $1,722,584,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Fiserv by 5.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after buying an additional 340,938 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Susquehanna cut their price target on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. Stephens cut their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 target price for the company. Finally, Keefe, Bruyette & Woods cut their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $207.08.

Fiserv Price Performance

FI stock opened at $136.76 on Monday. The stock has a market capitalization of $74.34 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. The company's 50-day moving average is $156.98 and its 200-day moving average is $187.22. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 EPS. Equities research analysts expect that Fiserv, Inc. will post 10.23 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.

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.