Fiserv, Inc. (NYSE:FI) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,115 shares of the business services provider’s stock after buying an additional 1,381 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Fiserv were worth $7,469,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Catalyst Financial Partners LLC grew its position in Fiserv by 8.3% in the second quarter. Catalyst Financial Partners LLC now owns 2,858 shares of the business services provider’s stock worth $426,000 after buying an additional 219 shares during the last quarter. Cypress Capital Group grew its holdings in shares of Fiserv by 6.7% in the 2nd quarter. Cypress Capital Group now owns 2,208 shares of the business services provider’s stock worth $329,000 after acquiring an additional 139 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Fiserv by 0.7% during the second quarter. Raymond James Trust N.A. now owns 19,207 shares of the business services provider’s stock worth $2,863,000 after purchasing an additional 125 shares during the period. LRI Investments LLC lifted its holdings in shares of Fiserv by 182.1% during the second quarter. LRI Investments LLC now owns 849 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 548 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now directly 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 accessible through this link. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were 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 of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,690 shares of company stock worth $14,833,215. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 0.0 %

NYSE:FI traded up $0.04 during trading hours on Monday, reaching $169.85. The company’s stock had a trading volume of 1,510,006 shares, compared to its average volume of 2,491,060. Fiserv, Inc. has a one year low of $109.11 and a one year high of $171.12. The business’s 50-day moving average is $156.72 and its 200-day moving average is $153.24. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $99.38 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business 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 business earned $1.81 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 8.73 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen boosted their price objective on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets boosted their price target on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. B. Riley raised their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Citigroup raised Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $173.25.

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.