Ameritas Investment Partners Inc. Has $1.04 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Ameritas Investment Partners Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,492 shares of the business services provider’s stock after selling 177 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Fiserv were worth $1,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cooper Financial Group raised its position in Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares in the last quarter. Quent Capital LLC raised its position in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. Manchester Capital Management LLC raised its position in Fiserv by 0.8% in the first quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock worth $1,563,000 after purchasing an additional 73 shares in the last quarter. BSW Wealth Partners raised its position in Fiserv by 2.8% in the first quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after purchasing an additional 76 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its position in Fiserv by 13.7% in the first quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock worth $105,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FI. B. Riley upped their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group upped their price objective on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company began coverage on shares of Fiserv in a research note on Wednesday, June 12th. They set an “overweight” rating and a $180.00 price objective on the stock. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Finally, Stephens reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.76.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction 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. In the last 90 days, insiders sold 50,800 shares of company stock valued at $7,696,448. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.9 %

FI traded down $1.41 during trading on Tuesday, reaching $157.22. 3,494,198 shares of the company’s stock were exchanged, compared to its average volume of 2,482,990. The company’s fifty day moving average price is $150.89 and its 200-day moving average price is $149.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a market capitalization of $91.99 billion, a PE ratio of 29.54, a P/E/G ratio of 1.26 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv, Inc. will post 8.69 EPS 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.