Commonwealth Equity Services LLC Boosts Stake in Fiserv, Inc. (NYSE:FI)

Key Points

• Commonwealth Equity Services LLC increased its stake in Fiserv, Inc. by 5.1% in Q1, acquiring an additional 5,556 shares to hold a total of 114,099 shares worth approximately $25.2 million.
• Executive Vice President Andrew Gelb sold 5,652 shares of Fiserv on May 28 at an average price of $160.00, resulting in an 18.21% decrease in their position in the company.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, exceeding analysts' expectations, and noted a revenue of $5.20 billion, marking an 8.0% increase from the previous year.

Commonwealth Equity Services LLC boosted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 5.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 114,099 shares of the business services provider's stock after buying an additional 5,556 shares during the period. Commonwealth Equity Services LLC's holdings in Fiserv were worth $25,196,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after buying an additional 2,033 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Fiserv by 0.9% in the 4th quarter. Bank of Nova Scotia now owns 91,750 shares of the business services provider's stock valued at $18,853,000 after purchasing an additional 843 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $363,031,000. TRUE Private Wealth Advisors raised its holdings in Fiserv by 11.8% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,711 shares of the business services provider's stock valued at $352,000 after buying an additional 181 shares during the period. Finally, DRW Securities LLC lifted its position in Fiserv by 4.5% in the fourth quarter. DRW Securities LLC now owns 5,344 shares of the business services provider's stock worth $1,098,000 after buying an additional 228 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. Citigroup decreased their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group decreased their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. KeyCorp reduced their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Finally, Redburn Atlantic restated a "sell" rating and set a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Insider Transactions at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the business'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 directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company'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 $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Fiserv Stock Performance

NYSE:FI traded up $0.40 during midday trading on Friday, hitting $133.10. The company's stock had a trading volume of 3,927,627 shares, compared to its average volume of 7,009,811. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $72.35 billion, a P/E ratio of 22.22, a P/E/G ratio of 0.87 and a beta of 0.91. The firm's 50 day moving average is $159.99 and its 200-day moving average is $190.08.

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