Larson Financial Group LLC Lowers Stake in Fiserv, Inc. (NYSE:FI)

Larson Financial Group LLC reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 63.8% in the second quarter, HoldingsChannel reports. The fund owned 1,562 shares of the business services provider’s stock after selling 2,750 shares during the period. Larson Financial Group LLC’s holdings in Fiserv were worth $233,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fiduciary Family Office LLC lifted its position in Fiserv by 3.4% during the 2nd quarter. Fiduciary Family Office LLC now owns 15,849 shares of the business services provider’s stock valued at $2,362,000 after acquiring an additional 515 shares during the period. Wisconsin Capital Management LLC raised its holdings in Fiserv by 39.7% in the second quarter. Wisconsin Capital Management LLC now owns 21,105 shares of the business services provider’s stock worth $3,145,000 after buying an additional 6,000 shares during the last quarter. Versor Investments LP raised its holdings in Fiserv by 107.5% in the second quarter. Versor Investments LP now owns 3,088 shares of the business services provider’s stock worth $460,000 after buying an additional 1,600 shares during the last quarter. Verus Capital Partners LLC raised its holdings in Fiserv by 13.0% in the second quarter. Verus Capital Partners LLC now owns 1,781 shares of the business services provider’s stock worth $265,000 after buying an additional 205 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in Fiserv by 6.9% in the second quarter. Resonant Capital Advisors LLC now owns 2,667 shares of the business services provider’s stock worth $397,000 after buying an additional 171 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI stock opened at $170.05 on Friday. Fiserv, Inc. has a one year low of $109.11 and a one year high of $175.47. The company’s fifty day moving average price is $161.29 and its 200-day moving average price is $154.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $99.50 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FI. KeyCorp lifted their target price on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. TD Cowen lifted their price target on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price target on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.32.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $148.47, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,690 shares of company stock valued at $14,833,215. 0.75% of the stock is currently owned by corporate insiders.

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.