Geneva Capital Management LLC Trims Stake in Fiserv, Inc. (NYSE:FI)

Geneva Capital Management LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 242,739 shares of the business services provider’s stock after selling 5,405 shares during the quarter. Geneva Capital Management LLC’s holdings in Fiserv were worth $38,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FI. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $25,000. West Oak Capital LLC purchased a new stake in Fiserv in the fourth quarter worth about $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv during the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $27,000. 90.98% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the firm’s 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 completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,729 shares of company stock worth $7,611,991. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Fiserv stock traded up $2.36 during midday trading on Thursday, reaching $151.25. 2,087,197 shares of the stock traded hands, compared to its average volume of 2,474,821. The stock has a market cap of $88.50 billion, a P/E ratio of 28.13, a PEG ratio of 1.22 and a beta of 0.92. The stock’s fifty day moving average is $150.30 and its 200-day moving average is $147.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99.

Fiserv (NYSE:FI) last posted its earnings results 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. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the company earned $1.58 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FI shares. Evercore ISI reiterated an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Citigroup upped their price target on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. TD Cowen raised their price objective on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their target price on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Finally, Susquehanna increased their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

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.