Cozad Asset Management Inc. Has $8.49 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Cozad Asset Management Inc. cut its stake in Fiserv, Inc. (NYSE:FI) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,962 shares of the business services provider’s stock after selling 321 shares during the period. Cozad Asset Management Inc.’s holdings in Fiserv were worth $8,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fiduciary Family Office LLC increased its stake in shares of Fiserv by 3.4% in the 2nd quarter. Fiduciary Family Office LLC now owns 15,849 shares of the business services provider’s stock valued at $2,362,000 after purchasing an additional 515 shares during the last quarter. Wisconsin Capital Management LLC increased its stake in shares of Fiserv by 39.7% in the 2nd quarter. Wisconsin Capital Management LLC now owns 21,105 shares of the business services provider’s stock valued at $3,145,000 after purchasing an additional 6,000 shares during the last quarter. Versor Investments LP increased its stake in shares of Fiserv by 107.5% in the 2nd quarter. Versor Investments LP now owns 3,088 shares of the business services provider’s stock valued at $460,000 after purchasing an additional 1,600 shares during the last quarter. Verus Capital Partners LLC increased its stake in shares of Fiserv by 13.0% in the 2nd quarter. Verus Capital Partners LLC now owns 1,781 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 205 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its position in Fiserv by 6.9% during the 2nd quarter. Resonant Capital Advisors LLC now owns 2,667 shares of the business services provider’s stock worth $397,000 after acquiring an additional 171 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 0.4 %

Shares of NYSE:FI opened at $173.91 on Wednesday. The company has a market capitalization of $100.12 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 1.41 and a beta of 0.92. 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 business’s 50-day moving average is $159.93 and its 200-day moving average is $154.58. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $175.47.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the business earned $1.81 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FI shares. Royal Bank of Canada boosted their price objective on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. KeyCorp boosted their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. B. Riley boosted their price objective on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, BTIG Research started coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $174.32.

Insider Buying and Selling

In related 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 transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related 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 transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the company’s 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 directly owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,690 shares of company stock valued at $14,833,215. 0.75% of the stock is owned by company insiders.

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.