Crewe Advisors LLC Acquires New Position in Fiserv, Inc. (NYSE:FI)

Crewe Advisors LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 1st quarter, Holdings Channel reports. The fund acquired 1,399 shares of the business services provider’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC purchased a new position in Fiserv during the first quarter worth approximately $25,000. West Oak Capital LLC purchased a new position in Fiserv during the fourth quarter worth approximately $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the fourth quarter worth approximately $27,000. GW&K Investment Management LLC purchased a new position in Fiserv during the fourth quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FI. JPMorgan Chase & Co. increased their price objective on shares of Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup increased their price objective on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased 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. Barclays increased their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Stephens reissued an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.19.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were 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 directly owns 163,699 shares in the company, valued at approximately $25,350,427.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,800 shares of company stock worth $7,696,448. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Down 3.2 %

NYSE FI traded down $5.15 during trading hours on Thursday, reaching $156.01. 5,277,610 shares of the company traded hands, compared to its average volume of 2,522,162. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $162.47. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $91.28 billion, a PE ratio of 29.16, a PEG ratio of 1.27 and a beta of 0.92. The company has a 50 day moving average of $151.15 and a two-hundred day moving average of $149.67.

Fiserv (NYSE:FI) last posted its quarterly 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 16.68% and a return on equity of 15.73%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the firm posted $1.81 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current 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.