Fiserv, Inc. (NYSE:FI) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Fiserv, Inc. (NYSE:FI) by 1.9% during the first quarter, HoldingsChannel.com reports. The firm owned 1,444,253 shares of the business services provider’s stock after selling 28,338 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Fiserv were worth $230,821,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Meritage Portfolio Management bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $995,000. Piscataqua Savings Bank bought a new position in shares of Fiserv in the 4th quarter worth about $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at about $78,000. Liberty Capital Management Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at about $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $84,583,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Stephens reiterated an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. Barclays boosted their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. KeyCorp increased their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Robert W. Baird upped their target price on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now 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. Insiders sold 50,729 shares of company stock worth $7,611,991 in the last quarter. 0.75% of the stock is owned by company insiders.

Fiserv Stock Down 0.4 %

NYSE FI opened at $148.79 on Thursday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a market capitalization of $87.06 billion, a P/E ratio of 27.81, a PEG ratio of 1.20 and a beta of 0.92. The company’s 50 day simple moving average is $150.66 and its 200 day simple moving average is $147.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. Equities research analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal 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.