Fiserv, Inc. (NYSE:FI) Stock Holdings Reduced by AE Wealth Management LLC

AE Wealth Management LLC trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 36.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,116 shares of the business services provider's stock after selling 2,313 shares during the quarter. AE Wealth Management LLC's holdings in Fiserv were worth $909,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FI. GAMMA Investing LLC increased its holdings in Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after purchasing an additional 3,804,358 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after acquiring an additional 2,174,025 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Fiserv by 65.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after acquiring an additional 2,153,554 shares in the last quarter. FMR LLC grew its position in shares of Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares in the last quarter. Finally, Winslow Capital Management LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $363,031,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 2.1%

Shares of Fiserv stock traded down $2.86 on Friday, reaching $136.08. 2,148,197 shares of the company were exchanged, compared to its average volume of 4,445,844. The stock has a fifty day moving average price of $163.09 and a 200-day moving average price of $193.22. The firm has a market capitalization of $73.97 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. On average, analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FI. Morgan Stanley decreased their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Tigress Financial lifted their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Stephens reduced their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Robert W. Baird reduced their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $207.08.

About Fiserv

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.