Ashton Thomas Private Wealth LLC Sells 405 Shares of Fiserv, Inc. (NYSE:FI)

Ashton Thomas Private Wealth LLC trimmed its stake in Fiserv, Inc. (NYSE:FI) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,249 shares of the business services provider’s stock after selling 405 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Fiserv were worth $1,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FI. Cooper Financial Group lifted its stake in shares of Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 67 shares during the period. Quent Capital LLC lifted its stake in shares of Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 68 shares during the period. Fielder Capital Group LLC lifted its stake in Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after buying an additional 68 shares during the period. Andina Capital Management LLC lifted its stake in Fiserv by 3.1% in the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after buying an additional 70 shares during the period. Finally, Sage Mountain Advisors LLC lifted its stake in Fiserv by 3.0% in the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock valued at $365,000 after buying an additional 72 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’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 value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders sold a total of 90,890 shares of company stock worth $14,416,687 over the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. Royal Bank of Canada increased their target price on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their target price on Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. KeyCorp increased their target price on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company increased their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Fiserv Stock Up 1.4 %

NYSE:FI opened at $172.44 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $100.89 billion, a PE ratio of 32.23, a PEG ratio of 1.37 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $175.47. The stock has a 50-day simple moving average of $161.80 and a 200 day simple moving average of $155.25.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.81 earnings per share. On average, sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

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.