Versant Capital Management Inc Purchases 154 Shares of Fiserv, Inc. (NYSE:FI)

Versant Capital Management Inc increased its position in shares of Fiserv, Inc. (NYSE:FI) by 54.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 437 shares of the business services provider’s stock after purchasing an additional 154 shares during the period. Versant Capital Management Inc’s holdings in Fiserv were worth $65,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cooper Financial Group grew its holdings in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares during the period. Quent Capital LLC grew its stake in shares of Fiserv by 5.9% during the 1st 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 during the period. Manchester Capital Management LLC increased its holdings in shares of Fiserv by 0.8% during the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock valued at $1,563,000 after purchasing an additional 73 shares in the last quarter. BSW Wealth Partners lifted its stake in shares of Fiserv by 2.8% in the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 76 shares during the period. Finally, Eagle Bay Advisors LLC boosted its holdings in Fiserv by 13.7% during the first quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock worth $105,000 after buying an additional 79 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 1.7 %

Shares of NYSE FI traded up $2.57 during midday trading on Tuesday, reaching $157.34. 2,760,924 shares of the stock were exchanged, compared to its average volume of 2,534,042. The stock has a market capitalization of $92.06 billion, a P/E ratio of 29.51, a PEG ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day simple moving average of $152.43 and a 200 day simple moving average of $151.04. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $165.56.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock valued at $7,696,448 over the last 90 days. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on FI. KeyCorp lifted their price objective on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Wells Fargo & Company increased their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. B. Riley increased their target price on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.29.

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.