Retirement Planning Co of New England Inc. Has $510,000 Stake in Fiserv, Inc. (NYSE:FI)

Retirement Planning Co of New England Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,420 shares of the business services provider’s stock after selling 550 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Fiserv were worth $510,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the 1st quarter valued at about $25,000. ZRC Wealth Management LLC bought a new stake in Fiserv in the first quarter valued at approximately $32,000. RE Dickinson Investment Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Finally, Family Firm Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, 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 in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,890 shares of company stock worth $14,416,687. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Fiserv stock 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. The stock 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. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $175.48. The business’s 50-day moving average price is $163.69 and its two-hundred day moving average price is $155.84.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the firm posted $1.81 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on FI. Mizuho lifted their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Royal Bank of Canada upped their price target on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. KeyCorp raised their price objective on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, TD Cowen lifted their price target on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.32.

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.