Bellecapital International Ltd. Sells 1,902 Shares of Fiserv, Inc. (NYSE:FI)

Bellecapital International Ltd. cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,402 shares of the business services provider's stock after selling 1,902 shares during the quarter. Fiserv makes up about 3.2% of Bellecapital International Ltd.'s investment portfolio, making the stock its 11th biggest position. Bellecapital International Ltd.'s holdings in Fiserv were worth $16,209,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vega Investment Solutions bought a new position in shares of Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv in the 4th quarter worth $28,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at about $29,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at about $37,000. Finally, Quarry LP increased its holdings in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 3.1%

Shares of NYSE FI traded down $5.23 during mid-day trading on Friday, reaching $162.79. The company had a trading volume of 2,451,294 shares, compared to its average volume of 3,257,251. The stock has a market cap of $90.26 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The business's 50-day moving average is $182.17 and its 200-day moving average is $204.09. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last issued 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 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the firm earned $1.88 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has approved a stock buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on FI shares. Truist Financial started coverage on Fiserv in a research note on Monday, June 2nd. They set a "buy" rating and a $181.00 price target for the company. Redburn Atlantic reiterated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Piper Sandler set a $218.00 price target on shares of Fiserv in a research report on Friday, April 25th. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group dropped their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.27.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated 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 owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. 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.