Thomas Story & Son LLC Buys 1,527 Shares of Fiserv, Inc. (NYSE:FI)

Thomas Story & Son LLC raised its position in Fiserv, Inc. (NYSE:FI) by 3.3% during the first quarter, Holdings Channel.com reports. The firm owned 47,497 shares of the business services provider’s stock after buying an additional 1,527 shares during the period. Fiserv accounts for about 4.1% of Thomas Story & Son LLC’s holdings, making the stock its 8th largest holding. Thomas Story & Son LLC’s holdings in Fiserv were worth $10,489,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vega Investment Solutions bought a new stake in shares of Fiserv during the fourth quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in Fiserv during the 4th quarter valued at about $28,000. Abound Financial LLC bought a new stake in shares of Fiserv in the 1st quarter valued at approximately $38,000. Quarry LP boosted its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in Fiserv during the fourth quarter worth approximately $54,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Fiserv stock opened at $132.31 on Tuesday. The company has a market capitalization of $71.92 billion, a P/E ratio of 22.09, a PEG ratio of 0.87 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average is $159.40 and its 200 day moving average is $189.43.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the company earned $2.13 earnings per share. Fiserv’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president owned 25,385 shares of the company’s stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FI. Tigress Financial raised their target price on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Stephens lowered their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Citigroup lowered their target price on Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Finally, KeyCorp decreased their price target on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.08.

Fiserv 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.