Alps Advisors Inc. Has $1.78 Million Position in Fiserv, Inc. (NYSE:FI)

Alps Advisors Inc. lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,036 shares of the business services provider's stock after selling 1,713 shares during the period. Alps Advisors Inc.'s holdings in Fiserv were worth $1,775,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in Fiserv by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after purchasing an additional 44 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its position in Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after purchasing an additional 48 shares in the last quarter. Adero Partners LLC raised its position in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after purchasing an additional 55 shares in the last quarter. Oakworth Capital Inc. raised its position in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after purchasing an additional 56 shares in the last quarter. Finally, PDS Planning Inc raised its position in Fiserv by 1.7% in the first quarter. PDS Planning Inc now owns 3,421 shares of the business services provider's stock worth $755,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FI. Barclays dropped their price target on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Susquehanna dropped their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Truist Financial started coverage on shares of Fiserv in a report on Monday, June 2nd. They set a "buy" rating and a $181.00 price objective for the company. UBS Group decreased their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group decreased their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and an average target price of $221.23.

Insiders Place Their Bets

In other news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 in the company, valued at approximately $4,061,600. This represents a 18.21% 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.

Fiserv Trading Down 2.6%

FI traded down $4.49 during trading on Friday, reaching $165.21. 6,293,974 shares of the company's stock were exchanged, compared to its average volume of 3,396,508. The company's fifty day moving average price is $169.52 and its 200-day moving average price is $198.19. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv, Inc. has a fifty-two week low of $153.77 and a fifty-two week high of $238.59. The firm has a market capitalization of $91.60 billion, a PE ratio of 29.19, a P/E/G ratio of 1.01 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.