Fiserv, Inc. (NYSE:FI) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 15.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,756 shares of the business services provider’s stock after selling 330 shares during the period. Independence Bank of Kentucky’s holdings in Fiserv were worth $281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cooper Financial Group increased its holdings in 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 buying an additional 67 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Fiserv by 1.8% in the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 87 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Fiserv by 2.3% during the 3rd quarter. Modera Wealth Management LLC now owns 5,443 shares of the business services provider’s stock worth $615,000 after acquiring an additional 121 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in Fiserv by 0.3% during the first quarter. Contravisory Investment Management Inc. now owns 53,379 shares of the business services provider’s stock worth $8,531,000 after purchasing an additional 134 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in Fiserv by 5.6% in the third quarter. Raleigh Capital Management Inc. now owns 2,549 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 dated Monday, June 17th. The shares were 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 directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,729 shares of company stock valued at $7,611,991. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.0 %

Fiserv stock opened at $149.04 on Friday. The stock’s 50 day moving average price is $150.81 and its 200 day moving average price is $147.10. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a market cap of $87.20 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

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

Analysts Set New Price Targets

FI has been the topic of several research analyst reports. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. TD Cowen lifted their target price on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Stephens restated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. Susquehanna boosted their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, BMO Capital Markets increased their price objective on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.