Fiserv, Inc. (NYSE:FI) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 173.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 18,507 shares of the business services provider’s stock after buying an additional 11,732 shares during the period. Bridges Investment Management Inc.’s holdings in Fiserv were worth $2,758,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cooper Financial Group lifted its holdings in shares of Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares during the period. Quent Capital LLC raised its stake in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares during the period. Fielder Capital Group LLC boosted its holdings in shares of Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. Andina Capital Management LLC grew its position in Fiserv by 3.1% during the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 70 shares during the period. Finally, Sage Mountain Advisors LLC increased its position in Fiserv by 3.0% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock worth $365,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $177.61 on Friday. The business’s fifty day moving average is $166.23 and its two-hundred day moving average is $156.74. The firm has a market cap of $103.92 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $178.89.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion for 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%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred 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 directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was 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 approximately $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the business’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 transaction, 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. In the last ninety days, insiders sold 66,890 shares of company stock valued at $10,853,407. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Royal Bank of Canada lifted their price objective on shares of Fiserv from $180.00 to $183.00 and gave the company 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. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, BTIG Research assumed coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.32.

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.