Fiserv, Inc. (NYSE:FI) Shares Purchased by Marietta Investment Partners LLC

Marietta Investment Partners LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 47,529 shares of the business services provider’s stock after buying an additional 1,820 shares during the period. Fiserv comprises approximately 1.6% of Marietta Investment Partners LLC’s holdings, making the stock its 19th largest position. Marietta Investment Partners LLC’s holdings in Fiserv were worth $7,084,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Lombard Odier Asset Management Europe Ltd grew its stake in shares of Fiserv by 40.9% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 32,414 shares of the business services provider’s stock worth $4,831,000 after purchasing an additional 9,414 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Fiserv by 2.5% in the second quarter. Evergreen Capital Management LLC now owns 5,317 shares of the business services provider’s stock worth $792,000 after buying an additional 129 shares during the period. Magnetar Financial LLC acquired a new position in shares of Fiserv in the second quarter worth about $4,666,000. Public Sector Pension Investment Board boosted its holdings in shares of Fiserv by 62.6% in the second quarter. Public Sector Pension Investment Board now owns 21,739 shares of the business services provider’s stock worth $3,240,000 after buying an additional 8,369 shares during the period. Finally, Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Fiserv by 1.6% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 412,930 shares of the business services provider’s stock worth $61,543,000 after buying an additional 6,410 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction 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 $25,350,427.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,890 shares of company stock valued at $10,853,407. 0.75% of the stock is owned by company insiders.

Fiserv Trading Down 0.7 %

NYSE:FI opened at $177.61 on Monday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89. The firm has a market cap of $103.92 billion, a price-to-earnings ratio of 33.20, a P/E/G 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’s 50 day moving average is $166.23 and its 200-day moving average is $156.83.

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. 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 quarter in the previous year, the firm posted $1.81 earnings per share. Fiserv’s revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen raised their target price on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. B. Riley raised their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada raised their price target on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.88.

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.