Baldwin Wealth Partners LLC MA Reduces Holdings in Fiserv, Inc. (NYSE:FI)

Baldwin Wealth Partners LLC MA lessened its position in Fiserv, Inc. (NYSE:FI - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 80,567 shares of the business services provider's stock after selling 2,742 shares during the period. Fiserv makes up 1.2% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 26th largest holding. Baldwin Wealth Partners LLC MA's holdings in Fiserv were worth $17,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FI. LaFleur & Godfrey LLC grew its holdings in shares of Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after buying an additional 75 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after buying an additional 2,033 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Fiserv during the fourth quarter worth about $11,330,000. Apollon Wealth Management LLC grew its holdings in shares of Fiserv by 4.1% during the fourth quarter. Apollon Wealth Management LLC now owns 19,575 shares of the business services provider's stock worth $4,021,000 after buying an additional 769 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Fiserv by 3.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 6,244 shares of the business services provider's stock valued at $1,283,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

FI has been the subject of a number of recent analyst reports. Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Tigress Financial boosted their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Mizuho set a $200.00 target price on shares of Fiserv in a report on Thursday, May 15th. Citigroup lowered their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Barclays lowered their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $220.27.

Fiserv Stock Performance

Shares of FI opened at $166.90 on Monday. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a 50-day moving average of $185.54 and a two-hundred day moving average of $205.35. The stock has a market cap of $92.54 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the company posted $1.88 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

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

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.

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