ICW Investment Advisors LLC Sells 212 Shares of Fiserv, Inc. (NYSE:FI)

ICW Investment Advisors LLC trimmed its stake in Fiserv, Inc. (NYSE:FI) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,964 shares of the business services provider’s stock after selling 212 shares during the period. ICW Investment Advisors LLC’s holdings in Fiserv were worth $1,485,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Cooper Financial Group raised its holdings in shares of Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares during the last quarter. Quent Capital LLC increased its stake in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares during the last quarter. Fielder Capital Group LLC boosted its stake in shares of Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after buying an additional 68 shares during the last quarter. Andina Capital Management LLC grew its holdings in shares of Fiserv by 3.1% in the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 70 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its position in shares of Fiserv by 3.0% during the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock valued at $365,000 after acquiring an additional 72 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. Mizuho boosted their target price on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. B. Riley raised their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.32.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value 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 approximately $4,213,329.48. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP John Gibbons sold 2,800 shares of the firm’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 owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold 93,690 shares of company stock valued at $14,833,215 over the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of Fiserv stock traded down $0.23 during trading on Friday, hitting $172.28. The stock had a trading volume of 151,016 shares, compared to its average volume of 2,459,063. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $175.47. The firm has a market cap of $100.80 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 1.41 and a beta of 0.93. The business’s 50-day moving average is $160.87 and its 200 day moving average is $154.84.

Fiserv (NYSE:FI) last announced its 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 business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current year.

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.