Savant Capital LLC Purchases 567 Shares of Fiserv, Inc. (NYSE:FI)

Savant Capital LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,913 shares of the business services provider’s stock after acquiring an additional 567 shares during the period. Savant Capital LLC’s holdings in Fiserv were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Shields & Co. LLC bought a new position in shares of Fiserv in the 1st quarter worth $25,000. GW&K Investment Management LLC bought a new position in Fiserv in the fourth quarter worth about $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at about $27,000. Private Wealth Management Group LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $30,000. Finally, Family Firm Inc. purchased a new position in shares of Fiserv in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv 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 completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 90,890 shares of company stock valued at $14,416,687. 0.75% of the stock is owned by company insiders.

Fiserv Stock Down 1.4 %

Shares of FI stock opened at $170.02 on Monday. 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 twelve month low of $109.11 and a twelve month high of $175.47. The stock has a 50 day moving average of $161.29 and a 200 day moving average of $155.09. The stock has a market cap of $99.48 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.41 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (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 business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the company posted $1.81 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Ratings Changes

FI has been the subject of a number of analyst reports. BTIG Research started coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price for the company. Citigroup upgraded Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Wells Fargo & Company boosted their target price on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Keefe, Bruyette & Woods raised their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.32.

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.