US Asset Management LLC Reduces Holdings in Fiserv, Inc. (NYSE:FI)

US Asset Management LLC reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,190 shares of the business services provider’s stock after selling 181 shares during the period. US Asset Management LLC’s holdings in Fiserv were worth $624,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv during the 1st quarter valued at about $25,000. GW&K Investment Management LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. Private Wealth Management Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth $30,000. Finally, Family Firm Inc. purchased a new stake in shares of Fiserv in the second quarter worth $31,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 0.7 %

Shares of FI opened at $174.89 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $175.48. The company has a market cap of $102.33 billion, a PE ratio of 32.69, a P/E/G ratio of 1.38 and a beta of 0.93. The business has a fifty day moving average of $163.69 and a 200 day moving average of $155.80.

Fiserv (NYSE:FI) last released 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 firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FI shares. Keefe, Bruyette & Woods lifted 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. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. KeyCorp lifted 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. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $154.00 to $175.00 in a report on Monday, July 22nd. Finally, BMO Capital Markets boosted their target price on shares of Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $174.32.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 90,890 shares of company stock worth $14,416,687 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Profile

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.