Fiserv, Inc. (NYSE:FI) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel trimmed its position in Fiserv, Inc. (NYSE:FI) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,226 shares of the business services provider’s stock after selling 704 shares during the quarter. Aurora Investment Counsel’s holdings in Fiserv were worth $928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 3Chopt Investment Partners LLC purchased a new position in shares of Fiserv during the 2nd quarter valued at about $320,000. SPC Financial Inc. purchased a new stake in Fiserv in the 2nd quarter worth approximately $206,000. Truist Financial Corp grew its stake in shares of Fiserv by 1.4% during the 2nd quarter. Truist Financial Corp now owns 279,379 shares of the business services provider’s stock worth $41,639,000 after purchasing an additional 3,924 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of Fiserv by 2.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 12,276 shares of the business services provider’s stock valued at $1,830,000 after purchasing an additional 235 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its stake in shares of Fiserv by 10.3% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,309 shares of the business services provider’s stock valued at $180,835,000 after purchasing an additional 113,193 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.7 %

NYSE FI opened at $179.65 on Tuesday. The business’s fifty day simple moving average is $168.75 and its 200-day simple moving average is $158.00. 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 firm has a market cap of $105.11 billion, a PE ratio of 33.58, a P/E/G ratio of 1.45 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $179.95.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on FI shares. Keefe, Bruyette & Woods raised their target price on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Citigroup upgraded Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of the 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 completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction 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 transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,890 shares of company stock valued at $36,572,057. 0.75% of the stock is currently owned by company insiders.

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.