Kowal Investment Group LLC Reduces Stake in Fiserv, Inc. (NYSE:FI)

Kowal Investment Group LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,850 shares of the business services provider’s stock after selling 147 shares during the quarter. Kowal Investment Group LLC’s holdings in Fiserv were worth $935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. West Oak Capital LLC purchased a new position in shares of Fiserv during the fourth quarter worth approximately $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv during the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv during the fourth quarter valued at $27,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Finally, Fortitude Family Office LLC purchased a new stake in Fiserv in the fourth quarter worth about $28,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FI. Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Barclays boosted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. TD Cowen upped their price objective on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, UBS Group lifted their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.44.

Insider Activity

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on 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 completion of 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 accessible through the SEC website. In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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 quarter, insiders sold 50,729 shares of company stock worth $7,611,991. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Down 1.0 %

Fiserv stock traded down $1.50 during mid-day trading on Monday, hitting $147.54. The company’s stock had a trading volume of 736,609 shares, compared to its average volume of 2,499,967. The stock’s fifty day moving average is $150.81 and its two-hundred day moving average is $147.18. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $86.33 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.58 EPS. On average, analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current year.

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.