LaFleur & Godfrey LLC Raises Stake in Fiserv, Inc. (NYSE:FI)

LaFleur & Godfrey LLC grew its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,239 shares of the business services provider's stock after purchasing an additional 2,123 shares during the quarter. LaFleur & Godfrey LLC's holdings in Fiserv were worth $4,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FI. Brighton Jones LLC raised its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. Howard Capital Management Inc. grew its holdings in shares of Fiserv by 6.9% during the fourth quarter. Howard Capital Management Inc. now owns 4,025 shares of the business services provider's stock worth $827,000 after buying an additional 260 shares in the last quarter. MONECO Advisors LLC raised its position in shares of Fiserv by 8.5% in the fourth quarter. MONECO Advisors LLC now owns 3,897 shares of the business services provider's stock valued at $801,000 after buying an additional 305 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter worth about $50,000. Finally, Rowlandmiller & PARTNERS.ADV purchased a new position in shares of Fiserv in the fourth quarter worth about $134,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 1.2%

Shares of FI stock traded down $2.13 during trading hours on Wednesday, hitting $170.53. The company had a trading volume of 4,124,383 shares, compared to its average volume of 3,327,671. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The company's fifty day moving average is $175.60 and its 200 day moving average is $201.16. The stock has a market capitalization of $94.55 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 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 company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on FI. JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Mizuho set a $200.00 price target on Fiserv in a research report on Thursday, May 15th. BMO Capital Markets cut their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. UBS Group lowered their price objective on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. Finally, Royal Bank Of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. Two equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $221.23.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value of $403,628.16. Following the completion of the transaction, the insider now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

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.