Xponance Inc. Has $15.99 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Xponance Inc. raised its holdings in Fiserv, Inc. (NYSE:FI) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,254 shares of the business services provider’s stock after acquiring an additional 250 shares during the quarter. Xponance Inc.’s holdings in Fiserv were worth $15,985,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter worth $25,000. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv in the first quarter worth $32,000. RE Dickinson Investment Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $27,000. Family Firm Inc. acquired a new stake in shares of Fiserv in the second quarter worth $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Fiserv in the first quarter worth $37,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.7 %

Shares of Fiserv stock opened at $177.61 on Monday. The stock has a market capitalization of $103.92 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $166.23 and a 200 day simple moving average of $156.83. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $178.89.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.81 EPS. Research analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on FI. JPMorgan Chase & Co. upped their target price on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. BMO Capital Markets upped their target price on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, KeyCorp upped their target price on shares of Fiserv from $170.00 to $180.00 and gave the company 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $174.88.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Insiders sold 66,890 shares of company stock worth $10,853,407 in the last quarter. 0.75% of the stock is owned by corporate insiders.

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.