Annex Advisory Services LLC Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

Annex Advisory Services LLC lowered its stake in Fiserv, Inc. (NYSE:FI) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,880 shares of the business services provider’s stock after selling 456 shares during the quarter. Annex Advisory Services LLC’s holdings in Fiserv were worth $2,058,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FI. Vanguard Group Inc. purchased a new stake in Fiserv in the 3rd quarter worth $5,705,241,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Fiserv in the 4th quarter worth about $5,885,279,000. Capital World Investors bought a new stake in shares of Fiserv in the 4th quarter worth about $2,329,623,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Fiserv in the 4th quarter worth about $960,592,000. Finally, Veritas Asset Management LLP bought a new stake in shares of Fiserv in the 4th quarter worth about $927,298,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI opened at $148.85 on Wednesday. The company has a 50 day moving average price of $150.71 and a 200-day moving average price of $146.87. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock has a market capitalization of $87.09 billion, a PE ratio of 27.82, a PEG ratio of 1.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

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 the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred 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 directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock valued at $7,611,991 over the last 90 days. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of a number of research reports. Mizuho boosted their target price on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. BMO Capital Markets boosted their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. UBS Group boosted their target price on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Susquehanna upped their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Finally, KeyCorp upped their price target on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $165.44.

Fiserv Company 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.