Torray Investment Partners LLC Has $22.56 Million Stake in Fiserv, Inc. (NYSE:FI)

Torray Investment Partners LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 151,341 shares of the business services provider’s stock after selling 110 shares during the quarter. Fiserv comprises approximately 3.4% of Torray Investment Partners LLC’s portfolio, making the stock its 3rd largest holding. Torray Investment Partners LLC’s holdings in Fiserv were worth $22,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FI. Price T Rowe Associates Inc. MD raised its holdings in Fiserv by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after acquiring an additional 417,459 shares in the last quarter. Capital World Investors grew its stake in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Fiserv during the fourth quarter worth $960,592,000. Veritas Asset Management LLP bought a new stake in Fiserv during the fourth quarter worth $927,298,000. Finally, Parnassus Investments LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $900,674,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the company’s 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 directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders sold 93,690 shares of company stock worth $14,833,215 over the last ninety days. 0.75% of the stock is owned by insiders.

Fiserv Trading Down 1.4 %

Shares of FI stock traded down $2.49 during trading hours on Friday, hitting $170.02. 2,443,937 shares of the company’s stock traded hands, compared to its average volume of 2,472,752. The stock has a market cap of $99.48 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. The stock’s 50 day simple moving average is $161.29 and its 200 day simple moving average is $154.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $175.47.

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 the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.81 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on FI shares. BTIG Research initiated coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price for the company. 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. Mizuho lifted their price target on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Citigroup raised Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.32.

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.