Fiserv, Inc. (NYSE:FI) Stock Holdings Lifted by Security Financial Services INC.

Security Financial Services INC. raised its position in Fiserv, Inc. (NYSE:FI) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,798 shares of the business services provider’s stock after purchasing an additional 167 shares during the quarter. Security Financial Services INC.’s holdings in Fiserv were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FI. Meritage Portfolio Management acquired a new position in shares of Fiserv during the 4th quarter worth about $995,000. Piscataqua Savings Bank acquired a new position in shares of Fiserv during the 4th quarter worth about $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $84,583,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of several recent research reports. B. Riley upped their price target on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company assumed coverage on Fiserv in a report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 target price for the company. BMO Capital Markets increased their target price on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Evercore ISI reissued an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Finally, Robert W. Baird raised their price target on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders sold a total of 50,729 shares of company stock worth $7,611,991 over the last quarter. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $149.67 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day simple moving average is $150.62 and its 200 day simple moving average is $146.62. The company has a market cap of $87.57 billion, a P/E ratio of 28.00, a P/E/G ratio of 1.21 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

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

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.