Mitsubishi UFJ Trust & Banking Corp Decreases Position in Fiserv, Inc. (NYSE:FI)

Mitsubishi UFJ Trust & Banking Corp reduced its position in Fiserv, Inc. (NYSE:FI) by 7.7% in the first quarter, Holdings Channel.com reports. The fund owned 340,121 shares of the business services provider’s stock after selling 28,456 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Fiserv were worth $54,341,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC purchased a new position in Fiserv in the 1st quarter worth about $25,000. West Oak Capital LLC purchased a new stake in Fiserv during the fourth quarter valued at $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the fourth quarter worth about $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,800 shares of company stock valued at $7,696,448. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent research reports. Wells Fargo & Company assumed coverage on shares of Fiserv in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price target on the stock. Stephens reaffirmed an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. TD Cowen increased their target price on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. KeyCorp raised their price objective 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, B. Riley boosted their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Trading Down 1.0 %

NYSE FI traded down $1.65 on Friday, hitting $156.04. 2,631,527 shares of the stock were exchanged, compared to its average volume of 2,407,010. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The firm has a market capitalization of $91.30 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.26 and a beta of 0.92. The stock has a fifty day moving average price of $150.78 and a two-hundred day moving average price of $149.07.

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

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.