NBC Securities Inc. Trims Stake in Fiserv, Inc. (NYSE:FI)

NBC Securities Inc. lessened its stake in Fiserv, Inc. (NYSE:FI) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,798 shares of the business services provider’s stock after selling 119 shares during the period. NBC Securities Inc.’s holdings in Fiserv were worth $1,609,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD purchased a new stake in Fiserv during the fourth quarter worth $5,885,279,000. Capital World Investors purchased a new stake in Fiserv during the fourth quarter worth $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in Fiserv during the fourth quarter worth $960,592,000. Veritas Asset Management LLP purchased a new stake in Fiserv during the fourth quarter worth $927,298,000. Finally, Parnassus Investments LLC purchased a new stake in Fiserv during the fourth quarter worth $900,674,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, 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 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 2.2 %

Shares of FI stock traded up $3.51 during trading on Thursday, hitting $159.73. 909,608 shares of the stock traded hands, compared to its average volume of 2,521,951. The firm has a market capitalization of $93.46 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $152.78 and its 200-day moving average price is $151.21. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $165.56.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the firm earned $1.81 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FI. William Blair upgraded Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. TD Cowen increased their price objective on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. B. Riley increased their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company increased their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Citigroup upgraded Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $172.29.

About Fiserv

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.