Fiserv, Inc. (NYSE:FI) Holdings Lifted by Copperwynd Financial LLC

Copperwynd Financial LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,651 shares of the business services provider’s stock after buying an additional 249 shares during the period. Copperwynd Financial LLC’s holdings in Fiserv were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after purchasing an additional 417,459 shares during the period. Capital World Investors increased its stake in Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Fiserv by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after buying an additional 64,332 shares during the period. Veritas Asset Management LLP purchased a new stake in Fiserv in the 4th quarter worth approximately $927,298,000. Finally, Northern Trust Corp acquired a new stake in shares of Fiserv during the 4th quarter valued at $784,200,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.6 %

NYSE FI opened at $178.38 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $104.37 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.45 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $179.53. The stock’s 50 day moving average is $168.33 and its two-hundred day moving average is $157.74.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the company posted $1.81 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on 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 $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 approximately $4,764,211.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock valued at $36,572,057 in the last ninety days. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FI shares. JPMorgan Chase & Co. upped their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. KeyCorp raised their price target on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird lifted their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $174.88.

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.