Mather Group LLC. Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Mather Group LLC. increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 57.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,674 shares of the business services provider’s stock after acquiring an additional 973 shares during the quarter. Mather Group LLC.’s holdings in Fiserv were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH raised its stake in Fiserv by 5.0% in the second quarter. Trust Co. of Toledo NA OH now owns 1,763 shares of the business services provider’s stock worth $263,000 after buying an additional 84 shares in the last quarter. Birch Capital Management LLC grew its position in shares of Fiserv by 3.1% in the 2nd quarter. Birch Capital Management LLC now owns 21,433 shares of the business services provider’s stock worth $3,194,000 after buying an additional 652 shares during the period. Versant Capital Management Inc increased its stake in shares of Fiserv by 54.4% in the 2nd quarter. Versant Capital Management Inc now owns 437 shares of the business services provider’s stock worth $65,000 after acquiring an additional 154 shares in the last quarter. DNB Asset Management AS lifted its position in Fiserv by 4.5% during the 2nd quarter. DNB Asset Management AS now owns 98,014 shares of the business services provider’s stock valued at $14,608,000 after acquiring an additional 4,213 shares during the period. Finally, First Financial Bank Trust Division boosted its stake in Fiserv by 11.9% during the second quarter. First Financial Bank Trust Division now owns 24,440 shares of the business services provider’s stock worth $3,643,000 after acquiring an additional 2,598 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $416,528.00. Following the sale, 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. Insiders sold 50,800 shares of company stock valued at $7,696,448 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FI shares. Wells Fargo & Company raised their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. TD Cowen increased their price target on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

Fiserv Trading Up 1.7 %

Shares of NYSE:FI traded up $2.57 during trading on Tuesday, reaching $157.34. 2,760,924 shares of the company were exchanged, compared to its average volume of 2,534,042. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day simple moving average is $152.43 and its 200-day simple moving average is $151.04. The firm has a market capitalization of $92.06 billion, a PE ratio of 29.51, a P/E/G ratio of 1.31 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $165.56.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the business posted $1.81 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that Fiserv, Inc. will post 8.73 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.