Claro Advisors LLC Increases Stake in Fiserv, Inc. (NYSE:FI)

Claro Advisors LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FIFree Report) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,076 shares of the business services provider’s stock after purchasing an additional 92 shares during the quarter. Claro Advisors LLC’s holdings in Fiserv were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. West Oak Capital LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv in the fourth quarter worth about $27,000. GW&K Investment Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. Finally, Fortitude Family Office LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $28,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders sold a total of 50,729 shares of company stock worth $7,611,991 in the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of NYSE FI opened at $147.13 on Tuesday. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The stock has a market capitalization of $86.08 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.20 and a beta of 0.92. The company’s 50-day moving average is $150.81 and its 200 day moving average is $147.18. 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:FIGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share 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 analyst estimates 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 period in the previous year, the company posted $1.58 earnings per share. On average, sell-side analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on FI shares. Jefferies Financial Group boosted their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Robert W. Baird upped their price objective 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. Royal Bank of Canada lifted their target price on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Barclays increased their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.44.

Check Out Our Latest Research Report on FI

About Fiserv

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.