Raymond James & Associates Has $341.57 Million Holdings in Fiserv, Inc. (NYSE:FI)

Raymond James & Associates grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,137,236 shares of the business services provider’s stock after purchasing an additional 51,141 shares during the quarter. Raymond James & Associates’ holdings in Fiserv were worth $341,573,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Cooper Financial Group increased its position in shares of Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Fiserv by 1.8% in the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock worth $761,000 after buying an additional 87 shares during the last quarter. Apeiron RIA LLC increased its holdings in shares of Fiserv by 2.9% in the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after buying an additional 90 shares during the last quarter. Brighton Jones LLC raised its position in shares of Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after buying an additional 92 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of Fiserv by 4.6% during the 1st quarter. Claro Advisors LLC now owns 2,076 shares of the business services provider’s stock worth $332,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FI shares. Morgan Stanley increased their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com started coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. B. Riley boosted their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp increased their price target on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 1.7 %

Shares of FI traded up $2.60 on Friday, hitting $155.89. 3,196,489 shares of the stock traded hands, compared to its average volume of 2,315,910. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a market capitalization of $91.21 billion, a PE ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91. The business has a 50 day simple moving average of $152.54 and a 200 day simple moving average of $137.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping 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 business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last 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 analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal 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.