EP Wealth Advisors LLC Buys 835 Shares of Fiserv, Inc. (NYSE:FI)

EP Wealth Advisors LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,041 shares of the business services provider’s stock after purchasing an additional 835 shares during the period. EP Wealth Advisors LLC’s holdings in Fiserv were worth $1,924,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Meritage Portfolio Management bought a new position in shares of Fiserv in the fourth quarter worth approximately $995,000. Piscataqua Savings Bank bought a new position in Fiserv during the fourth quarter valued at approximately $67,000. GHP Investment Advisors Inc. bought a new position in Fiserv during the fourth quarter valued at approximately $78,000. Liberty Capital Management Inc. bought a new position in Fiserv during the fourth quarter valued at approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new position in Fiserv during the fourth quarter valued at approximately $84,583,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock traded up $3.93 during trading hours on Friday, reaching $159.94. 3,345,301 shares of the stock traded hands, compared to its average volume of 2,515,755. The company has a 50 day moving average price of $151.29 and a 200 day moving average price of $149.84. The firm has a market capitalization of $93.58 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.27 and a beta of 0.92. Fiserv, Inc. has a one year low of $109.11 and a one year high of $162.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 8.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

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

Analyst Ratings Changes

A number of research analysts have commented on FI shares. JPMorgan Chase & Co. increased their price target on shares of Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho increased their price target on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday. Royal Bank of Canada raised their target price on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stephens restated an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.19.

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.