GHP Investment Advisors Inc. Has $88,000 Stock Position in Fiserv, Inc. (NYSE:FI)

GHP Investment Advisors Inc. grew its stake in Fiserv, Inc. (NYSE:FI) by 16.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 588 shares of the business services provider’s stock after acquiring an additional 81 shares during the period. GHP Investment Advisors Inc.’s holdings in Fiserv were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wellington Shields & Co. LLC acquired a new position in Fiserv during the 1st quarter worth $25,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv during the fourth quarter worth $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $27,000. Private Wealth Management Group LLC bought a new position in Fiserv in the fourth quarter valued at about $30,000. Finally, Family Firm Inc. acquired a new stake in Fiserv in the second quarter worth about $31,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,890 shares of company stock valued at $14,416,687. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price target on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada boosted their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Trading Up 0.7 %

Fiserv stock opened at $174.89 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $163.69 and a 200-day moving average of $155.84. The company has a market cap of $102.33 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a one year low of $109.11 and a one year high of $175.48.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

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.