Valeo Financial Advisors LLC Grows Position in Fiserv, Inc. (NYSE:FI)

Valeo Financial Advisors LLC grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 48.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,745 shares of the business services provider's stock after purchasing an additional 2,203 shares during the period. Valeo Financial Advisors LLC's holdings in Fiserv were worth $1,490,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FI. Vega Investment Solutions purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC purchased a new position in shares of Fiserv during the first quarter valued at approximately $38,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $37,000. Finally, Quarry LP boosted its position in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup dropped their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Mizuho set a $200.00 price target on Fiserv in a report on Thursday, May 15th. UBS Group lowered their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. The Goldman Sachs Group reduced their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, Jefferies Financial Group reduced their price target on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $221.23.

Fiserv Stock Performance

NYSE FI traded up $0.75 during mid-day trading on Wednesday, reaching $171.17. 3,323,710 shares of the stock were exchanged, compared to its average volume of 3,363,871. The business's 50 day moving average is $170.45 and its 200-day moving average is $199.02. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59. The company has a market capitalization of $94.90 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.07 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10.

Fiserv (NYSE:FI - Get Free Report) last released its 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 net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the previous year, the company earned $1.88 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

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

Fiserv 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.