Fiserv, Inc. (NYSE:FI) Stock Position Decreased by AMI Investment Management Inc.

AMI Investment Management Inc. cut its stake in shares of Fiserv, Inc. (NYSE:FIFree Report) by 0.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 30,492 shares of the business services provider’s stock after selling 200 shares during the quarter. Fiserv comprises 1.8% of AMI Investment Management Inc.’s holdings, making the stock its 17th biggest position. AMI Investment Management Inc.’s holdings in Fiserv were worth $4,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Meritage Portfolio Management purchased a new position in shares of Fiserv during the fourth quarter valued at $995,000. Piscataqua Savings Bank purchased a new position in Fiserv in the fourth quarter valued at about $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv in the fourth quarter valued at about $78,000. Liberty Capital Management Inc. purchased a new position in Fiserv in the fourth quarter valued at about $7,071,000. Finally, Birch Hill Investment Advisors LLC purchased a new position in Fiserv in the fourth quarter valued at about $84,583,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Barclays boosted their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. B. Riley boosted their target price on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their price target on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, TD Cowen boosted their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $165.44.

Get Our Latest Stock Analysis on Fiserv

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,729 shares of company stock valued at $7,611,991 in the last 90 days. 0.75% of the stock is owned by company insiders.

Fiserv Trading Down 0.0 %

FI traded down $0.04 during mid-day trading on Friday, reaching $149.04. The stock had a trading volume of 3,926,039 shares, compared to its average volume of 2,461,209. The stock has a market capitalization of $87.20 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s fifty day simple moving average is $150.81 and its two-hundred day simple moving average is $147.18. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 EPS. On average, equities analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Fiserv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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