Fiserv, Inc. (NYSE:FI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.5% during the second quarter, HoldingsChannel.com reports. The firm owned 1,852,742 shares of the business services provider’s stock after buying an additional 27,186 shares during the period. Envestnet Asset Management Inc.’s holdings in Fiserv were worth $276,133,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter valued at $25,000. GW&K Investment Management LLC 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. Private Wealth Management Group LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $30,000. Finally, Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FI shares. Mizuho upped their target price on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. 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. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $154.00 to $175.00 in a report on Monday, July 22nd. Wells Fargo & Company upped their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Stock Up 0.7 %

FI opened at $174.89 on Friday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $175.48. 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 company has a 50-day moving average price of $163.69 and a 200 day moving average price of $155.84. The company has a market cap of $102.33 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated 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 completion of the sale, 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. In the last quarter, insiders sold 90,890 shares of company stock worth $14,416,687. Insiders own 0.75% of the company’s stock.

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.