Fiserv, Inc. (NYSE:FI) Shares Sold by Balefire LLC

Balefire LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 35.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,009 shares of the business services provider's stock after selling 7,745 shares during the period. Fiserv makes up about 1.1% of Balefire LLC's holdings, making the stock its 22nd biggest position. Balefire LLC's holdings in Fiserv were worth $3,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FI. LaFleur & Godfrey LLC grew its holdings in shares of Fiserv by 0.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC grew its holdings in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the period. IFP Advisors Inc grew its holdings in Fiserv by 3.0% during the 4th quarter. IFP Advisors Inc now owns 7,642 shares of the business services provider's stock valued at $1,570,000 after buying an additional 224 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Fiserv by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider's stock valued at $762,328,000 after buying an additional 164,949 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in Fiserv during the 4th quarter valued at $242,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Up 0.6%

Shares of FI traded up $1.11 during trading hours on Friday, hitting $172.47. The stock had a trading volume of 3,934,470 shares, compared to its average volume of 3,339,630. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $95.62 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.06 and a beta of 0.90. The company's fifty day simple moving average is $173.34 and its 200 day simple moving average is $200.54. Fiserv, Inc. has a 12-month low of $146.46 and a 12-month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company posted $1.88 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Redburn Atlantic reiterated a "sell" rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Susquehanna lowered their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Finally, BMO Capital Markets lowered their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $221.23.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider now directly owns 53,385 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares of the company's stock, valued at $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 corporate insiders.

Fiserv 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.