Fiserv, Inc. (NYSE:FI) Holdings Decreased by Norwood Financial Corp

Norwood Financial Corp decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,455 shares of the business services provider’s stock after selling 170 shares during the quarter. Norwood Financial Corp’s holdings in Fiserv were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Fiserv during the 4th quarter worth about $5,885,279,000. Capital World Investors acquired a new position in shares of Fiserv during the 4th quarter worth about $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv during the 4th quarter worth about $960,592,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Fiserv during the 4th quarter worth about $927,298,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

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

Fiserv Trading Down 0.0 %

Shares of FI stock traded down $0.04 during trading hours on Friday, reaching $149.04. The company had a trading volume of 3,925,738 shares, compared to its average volume of 2,514,187. The company has a 50 day moving average of $150.81 and a 200 day moving average of $147.01. The firm has a market cap of $87.20 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

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

Wall Street Analysts Forecast Growth

FI has been the subject of several research analyst reports. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group upped their price target on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. BMO Capital Markets upped their price target on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. B. Riley upped their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Susquehanna upped their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $165.44.

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.