Fiserv, Inc. (NYSE:FI) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,553 shares of the business services provider’s stock after buying an additional 263 shares during the period. Miracle Mile Advisors LLC’s holdings in Fiserv were worth $1,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Oak Capital LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the company’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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The disclosure for this sale can be found here. Insiders sold a total of 50,729 shares of company stock valued at $7,611,991 in the last three months. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Down 1.3 %

Shares of FI traded down $1.90 during mid-day trading on Monday, reaching $147.14. The company’s stock had a trading volume of 1,567,311 shares, compared to its average volume of 2,506,612. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The stock has a market cap of $86.09 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day moving average is $150.81 and its 200 day moving average is $147.18.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating 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 business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. Equities analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group upped their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Stephens reissued an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. UBS Group increased their target price on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. B. Riley increased their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada increased their target price on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target 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.