Elo Mutual Pension Insurance Co Sells 666 Shares of Fiserv, Inc. (NYSE:FI)

Elo Mutual Pension Insurance Co reduced its position in Fiserv, Inc. (NYSE:FI) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,174 shares of the business services provider’s stock after selling 666 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Fiserv were worth $8,074,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD acquired a new stake in Fiserv during the 4th quarter worth about $5,885,279,000. Capital World Investors acquired a new stake in Fiserv during the fourth quarter worth approximately $2,329,623,000. Veritas Asset Management LLP bought a new stake in Fiserv in the fourth quarter worth approximately $927,298,000. Parnassus Investments LLC bought a new stake in Fiserv in the fourth quarter worth approximately $900,674,000. Finally, Northern Trust Corp acquired a new position in Fiserv in the fourth quarter valued at approximately $784,200,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FI shares. StockNews.com lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. B. Riley upped their price objective on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company increased their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. Finally, TD Cowen increased 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 investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on 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 sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now 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. Insiders sold 66,890 shares of company stock valued at $10,853,407 in the last three months. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.0 %

FI stock opened at $175.34 on Wednesday. The stock has a market cap of $102.59 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.38 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $164.66 and its two-hundred day simple moving average is $156.26. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $176.48.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.81 billion. During the same period in the previous year, the firm earned $1.81 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Fiserv Company 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.