Kowal Investment Group LLC Has $935,000 Position in Fiserv, Inc. (NYSE:FI)

Kowal Investment Group LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,850 shares of the business services provider’s stock after selling 147 shares during the quarter. Kowal Investment Group LLC’s holdings in Fiserv were worth $935,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after buying an additional 789,232 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $5,885,279,000. Capital World Investors acquired a new position in shares of Fiserv in the fourth quarter valued at $2,329,623,000. Massachusetts Financial Services Co. MA bought a new position in Fiserv in the fourth quarter worth $960,592,000. Finally, Veritas Asset Management LLP acquired a new stake in Fiserv during the fourth quarter worth $927,298,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 1.0 %

NYSE FI traded down $1.50 during trading hours on Monday, hitting $147.54. The company’s stock had a trading volume of 736,609 shares, compared to its average volume of 2,499,967. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market capitalization of $86.33 billion, a P/E ratio of 27.66, a PEG ratio of 1.20 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $150.81 and a 200 day moving average of $147.18.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FI. Evercore ISI reiterated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Jefferies Financial Group increased their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. BMO Capital Markets boosted their price target on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Mizuho increased their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, B. Riley boosted their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.44.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,847,871.21. The disclosure for this sale can be found here. Insiders have sold 50,729 shares of company stock worth $7,611,991 in the last ninety days. Company insiders own 0.75% of the company’s stock.

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.