Fiserv, Inc. (NYSE:FI) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its stake in Fiserv, Inc. (NYSE:FI) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,776 shares of the business services provider’s stock after selling 28,471 shares during the quarter. Fiserv makes up approximately 0.9% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Dana Investment Advisors Inc.’s holdings in Fiserv were worth $27,539,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv in the 1st quarter valued at about $25,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth approximately $31,000. ZRC Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter valued at $32,000. Finally, Quarry LP purchased a new stake in Fiserv in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.7 %

NYSE FI opened at $179.65 on Tuesday. Fiserv, Inc. has a one year low of $109.11 and a one year high of $179.95. The firm has a 50 day simple moving average of $168.75 and a 200-day simple moving average of $158.00. The firm has a market cap of $105.11 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 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 during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the company posted $1.81 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock valued at $36,572,057 in the last three months. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FI shares. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Wells Fargo & Company increased their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup raised Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, BTIG Research began coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.88.

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.