Bartlett & CO. Wealth Management LLC Boosts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Bartlett & CO. Wealth Management LLC raised its holdings in Fiserv, Inc. (NYSE:FI) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,923 shares of the business services provider’s stock after purchasing an additional 168 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Fiserv were worth $1,529,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vega Investment Solutions purchased a new position in Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $28,000. Campbell Capital Management Inc. purchased a new position in Fiserv during the fourth quarter valued at approximately $37,000. Quarry LP grew its stake in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Finally, Knuff & Co LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.6%

NYSE:FI opened at $172.47 on Friday. The company has a fifty day moving average of $173.34 and a 200 day moving average of $200.54. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $95.62 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the business posted $1.88 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FI. Wall Street Zen started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a “buy” rating for the company. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. Robert W. Baird dropped their target price on shares of Fiserv from $250.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, June 18th. Finally, Barclays dropped their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $221.23.

Insider Activity at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president now directly owns 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now owns 53,385 shares of the company’s stock, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

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.