Gradient Investments LLC Acquires 94 Shares of Fiserv, Inc. (NYSE:FI)

Gradient Investments LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 767 shares of the business services provider’s stock after acquiring an additional 94 shares during the quarter. Gradient Investments LLC’s holdings in Fiserv were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Fiserv by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after acquiring an additional 417,459 shares during the period. Capital World Investors lifted its position in Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Fiserv during the fourth quarter worth about $960,592,000. Veritas Asset Management LLP bought a new stake in Fiserv during the fourth quarter worth about $927,298,000. Finally, Parnassus Investments LLC bought a new stake in Fiserv during the fourth quarter worth about $900,674,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.0 %

NYSE FI traded up $1.60 during mid-day trading on Friday, hitting $167.32. The company’s stock had a trading volume of 3,799,303 shares, compared to its average volume of 2,516,919. The company’s 50 day simple moving average is $154.72 and its 200 day simple moving average is $152.22. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $167.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $97.90 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.31 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FI shares. KeyCorp upped their price objective on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Stephens reissued an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a report on Wednesday, April 24th. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $172.29.

Insider Activity at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the company’s 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP John Gibbons sold 2,800 shares of the business’s 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 completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,800 shares of company stock worth $11,655,728. Company insiders own 0.75% of the company’s stock.

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.