Cheviot Value Management LLC Has $7.88 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Cheviot Value Management LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 1.3% during the 2nd quarter, Holdings Channel reports. The firm owned 52,875 shares of the business services provider’s stock after selling 720 shares during the quarter. Fiserv makes up about 1.5% of Cheviot Value Management LLC’s investment portfolio, making the stock its 22nd biggest position. Cheviot Value Management LLC’s holdings in Fiserv were worth $7,880,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Norden Group LLC bought a new position in shares of Fiserv in the first quarter valued at about $2,359,000. BlueSpruce Investments LP bought a new position in shares of Fiserv in the fourth quarter valued at about $646,368,000. ORG Partners LLC raised its holdings in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after buying an additional 3,197 shares during the last quarter. TD Asset Management Inc bought a new position in shares of Fiserv in the fourth quarter valued at about $39,137,000. Finally, ZRC Wealth Management LLC bought a new position in shares of Fiserv in the first quarter valued at about $32,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock valued at $36,572,057 in the last quarter. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday. B. Riley boosted their price objective on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Citigroup raised Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $174.88.

Fiserv Trading Up 0.9 %

NYSE:FI opened at $179.27 on Tuesday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $179.53. 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 business has a 50 day moving average price of $166.70 and a two-hundred day moving average price of $157.03. The company has a market cap of $104.89 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.81 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

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.