Capital Investment Advisory Services LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Capital Investment Advisory Services LLC acquired a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,569 shares of the business services provider's stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FI. American National Bank & Trust increased its holdings in Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after buying an additional 1,983 shares during the period. Evercore Wealth Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $54,981,000. Norges Bank purchased a new stake in Fiserv during the 4th quarter valued at about $1,406,452,000. Beck Mack & Oliver LLC grew its stake 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 valued at $105,463,000 after acquiring an additional 2,589 shares in the last quarter. Finally, Ethic Inc. grew its stake 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 valued at $20,958,000 after buying an additional 13,325 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value 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. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group dropped their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Robert W. Baird decreased their target price on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Finally, Mizuho set a $200.00 price objective on shares of Fiserv in a research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Fiserv Stock Performance

NYSE FI traded up $0.36 during midday trading on Wednesday, hitting $170.78. The company had a trading volume of 302,010 shares, compared to its average volume of 4,085,422. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $170.45 and a two-hundred day simple moving average of $199.02. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The stock has a market cap of $94.68 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 1.07 and a beta of 0.91.

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