Embree Financial Group Sells 3,600 Shares of Fiserv, Inc. (NYSE:FI)

Embree Financial Group decreased its position in Fiserv, Inc. (NYSE:FIFree Report) by 26.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 10,270 shares of the business services provider’s stock after selling 3,600 shares during the quarter. Embree Financial Group’s holdings in Fiserv were worth $1,641,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after buying an additional 789,232 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Fiserv during the fourth quarter worth about $5,885,279,000. Capital World Investors bought a new position in Fiserv during the fourth quarter worth about $2,329,623,000. Massachusetts Financial Services Co. MA bought a new position in Fiserv during the fourth quarter worth about $960,592,000. Finally, Veritas Asset Management LLP bought a new position in Fiserv during the fourth quarter worth about $927,298,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI stock traded down $2.20 during trading hours on Wednesday, hitting $148.89. 2,536,105 shares of the company’s stock were exchanged, compared to its average volume of 2,477,780. The company has a market capitalization of $87.12 billion, a PE ratio of 27.83, a PEG ratio of 1.22 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The business’s 50 day simple moving average is $150.30 and its 200-day simple moving average is $147.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FIGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping 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 net margin of 16.68% and a return on equity of 15.73%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv 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 transaction of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $4,213,329.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FI. KeyCorp increased their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Jefferies Financial Group increased their target price on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. B. Riley increased their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Barclays increased their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Mizuho increased their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $165.44.

Get Our Latest Analysis on FI

About Fiserv

(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.

See Also

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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