Capital Investment Advisory Services LLC Makes New $346,000 Investment in Fiserv, Inc. (NYSE:FI)

Capital Investment Advisory Services LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,569 shares of the business services provider's stock, valued at approximately $346,000.

A number of other institutional investors have also recently added to or reduced their stakes in FI. American National Bank & Trust increased its position in shares of Fiserv by 2.4% in the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after purchasing an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC bought a new stake in Fiserv in the fourth quarter valued at about $54,981,000. Norges Bank acquired a new stake in Fiserv during the fourth quarter valued at approximately $1,406,452,000. Beck Mack & Oliver LLC lifted its holdings in Fiserv by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock worth $105,463,000 after buying an additional 2,589 shares during the last quarter. Finally, Ethic Inc. grew its position in shares of Fiserv by 15.0% in the 4th quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock worth $20,958,000 after acquiring an additional 13,325 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FI. Monness Crespi & Hardt cut Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Barclays dropped their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Finally, Susquehanna lowered their price objective on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus price target of $221.23.

Insider Transactions at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Fiserv stock traded up $0.75 during mid-day trading on Wednesday, hitting $171.17. The company's stock had a trading volume of 3,323,710 shares, compared to its average volume of 3,369,655. The stock has a market capitalization of $94.90 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.04 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The stock's fifty day moving average price is $170.45 and its two-hundred day moving average price is $199.02. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the previous year, the firm posted $1.88 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.