Nisa Investment Advisors LLC Has $39.72 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Nisa Investment Advisors LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 266,495 shares of the business services provider’s stock after acquiring an additional 1,048 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fiserv were worth $39,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wellington Shields & Co. LLC bought a new stake in Fiserv during the 1st quarter worth $25,000. ZRC Wealth Management LLC bought a new stake in shares of Fiserv during the first quarter worth about $32,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC bought a new position in Fiserv in the 4th quarter valued at approximately $27,000. Finally, Private Wealth Management Group LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $30,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.2 %

FI traded up $0.36 during midday trading on Monday, reaching $167.68. 695,299 shares of the company’s stock traded hands, compared to its average volume of 2,505,462. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $168.40. 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 firm has a fifty day moving average of $154.72 and a two-hundred day moving average of $152.35. The stock has a market capitalization of $98.11 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company 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%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 earnings per share. On average, equities analysts anticipate that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s 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 transaction, the executive vice president now 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 can be accessed through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred 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 directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,800 shares of company stock valued at $11,655,728. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FI shares. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Robert W. Baird lifted their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. KeyCorp increased their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets lifted their price objective on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.29.

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.