Edgestream Partners L.P. decreased its holdings in Fiserv, Inc. (NYSE:FI – Free Report) by 54.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,969 shares of the business services provider’s stock after selling 2,394 shares during the quarter. Edgestream Partners L.P.’s holdings in Fiserv were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC purchased a new stake in Fiserv in the first quarter worth $25,000. ZRC Wealth Management LLC bought a new position in Fiserv in the first quarter worth $32,000. Halpern Financial Inc. bought a new position in Fiserv in the fourth quarter worth $27,000. RE Dickinson Investment Advisors LLC bought a new position in Fiserv in the fourth quarter worth $27,000. Finally, GW&K Investment Management LLC bought a new position in Fiserv in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Insider Activity
In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, 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 90 days, insiders have sold 50,800 shares of company stock valued at $7,696,448. 0.75% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on FI
Fiserv Stock Performance
NYSE FI opened at $161.18 on Thursday. The company has a market cap of $94.31 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.27 and a beta of 0.92. 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 business’s 50 day moving average price is $151.09 and its 200-day moving average price is $149.62. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $161.73.
Fiserv (NYSE:FI – Get Free Report) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS. Sell-side analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.
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.
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