First Trust Direct Indexing L.P. Buys 2,093 Shares of Fiserv, Inc. (NYSE:FI)

First Trust Direct Indexing L.P. grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 14.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,921 shares of the business services provider’s stock after purchasing an additional 2,093 shares during the period. First Trust Direct Indexing L.P.’s holdings in Fiserv were worth $2,704,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. West Oak Capital LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the fourth quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC purchased a new position in Fiserv in the fourth quarter valued at approximately $28,000. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on FI. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. B. Riley increased their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. TD Cowen increased their target price on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Susquehanna increased their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Trading Down 0.4 %

NYSE:FI traded down $0.60 during mid-day trading on Thursday, reaching $148.79. 1,142,575 shares of the company’s stock traded hands, compared to its average volume of 2,396,854. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a market capitalization of $87.06 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day moving average price of $150.59 and a 200-day moving average price of $147.39.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the business earned $1.58 EPS. Fiserv’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.