Van ECK Associates Corp Reduces Stock Position in Fiserv, Inc. (NYSE:FI)

Van ECK Associates Corp trimmed its stake in shares of Fiserv, Inc. (NYSE:FIFree Report) by 9.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,863 shares of the business services provider’s stock after selling 2,154 shares during the period. Van ECK Associates Corp’s holdings in Fiserv were worth $3,494,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on FI shares. BMO Capital Markets lifted their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price objective on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen boosted their price objective on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their target price on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

View Our Latest Research Report on Fiserv

Insiders Place Their Bets

In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Fiserv 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 value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following 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 valued at $7,611,991 over the last 90 days. Insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.2 %

Shares of FI stock opened at $150.51 on Friday. The company has a market cap of $88.06 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $150.39 and its two-hundred day simple moving average is $147.51. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

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. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Fiserv Company Profile

(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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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