Advisory Services Network LLC Has $4.34 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Advisory Services Network LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,157 shares of the business services provider’s stock after buying an additional 1,855 shares during the quarter. Advisory Services Network LLC’s holdings in Fiserv were worth $4,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meritage Portfolio Management purchased a new stake in shares of Fiserv in the fourth quarter valued at about $995,000. Piscataqua Savings Bank purchased a new stake in Fiserv in the 4th quarter valued at about $67,000. GHP Investment Advisors Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $78,000. Liberty Capital Management Inc. purchased a new position in shares of Fiserv in the 4th quarter worth approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $84,583,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of NYSE FI traded up $2.80 during mid-day trading on Friday, reaching $154.05. 655,901 shares of the company were exchanged, compared to its average volume of 2,461,146. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50 day moving average price is $150.34 and its 200 day moving average price is $147.99. The stock has a market capitalization of $90.13 billion, a PE ratio of 28.27, a PEG ratio of 1.20 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FI. Evercore ISI reissued an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research report on Tuesday, March 26th. Royal Bank of Canada increased their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Citigroup lifted their price objective on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. KeyCorp increased their target price on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Stephens restated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock worth $7,611,991 in the last 90 days. 0.75% of the stock is owned by company insiders.

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.