Pure Financial Advisors LLC Buys New Shares in Fiserv, Inc. (NYSE:FI)

Pure Financial Advisors LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 911 shares of the business services provider’s stock, valued at approximately $201,000.

Other hedge funds have also recently made changes to their positions in the company. Jacobi Capital Management LLC raised its position in Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock valued at $2,281,000 after purchasing an additional 44 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Fiserv by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 44 shares during the period. Parkside Financial Bank & Trust raised its position in Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after purchasing an additional 45 shares during the period. Rappaport Reiches Capital Management LLC raised its position in Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 48 shares during the period. Finally, Adero Partners LLC raised its position in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock valued at $550,000 after purchasing an additional 55 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI opened at $172.47 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59. The company has a market capitalization of $95.62 billion, a PE ratio of 30.47, a P/E/G ratio of 1.06 and a beta of 0.90. The company has a fifty day moving average of $173.34 and a two-hundred day moving average of $200.54.

Fiserv (NYSE:FI) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Fiserv’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider now owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president now owns 25,385 shares of the company’s stock, valued at $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group cut their price objective on Fiserv from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods cut their price objective on Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Barclays cut their price objective on Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Citigroup cut their price objective on Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.23.

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.