Fiserv, Inc. (NYSE:FI) Shares Sold by MGO One Seven LLC

MGO One Seven LLC lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 5.6% in the second quarter, HoldingsChannel.com reports. The fund owned 13,863 shares of the business services provider’s stock after selling 822 shares during the quarter. MGO One Seven LLC’s holdings in Fiserv were worth $2,066,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Cooper Financial Group grew its holdings in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares during the period. Quent Capital LLC lifted its stake in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the period. Fielder Capital Group LLC boosted its holdings in Fiserv by 3.3% during the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after buying an additional 68 shares in the last quarter. Andina Capital Management LLC grew its position in Fiserv by 3.1% during the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after buying an additional 70 shares during the period. Finally, Sage Mountain Advisors LLC increased its holdings in Fiserv by 3.0% in the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock valued at $365,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FI. TD Cowen increased their target price on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company raised their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. B. Riley upped their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Six 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.32.

Insider Activity at Fiserv

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

Fiserv Trading Down 0.8 %

Shares of FI stock opened at $171.02 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $175.47. The company’s 50-day moving average price is $162.70 and its 200-day moving average price is $155.51. The stock has a market cap of $100.06 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.37 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. The business 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 business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 8.74 earnings per share 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.