Bessemer Group Inc. Sells 627,791 Shares of Fiserv, Inc. (NYSE:FI)

Bessemer Group Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,886,492 shares of the business services provider's stock after selling 627,791 shares during the period. Fiserv comprises 1.1% of Bessemer Group Inc.'s investment portfolio, making the stock its 13th largest holding. Bessemer Group Inc. owned approximately 0.52% of Fiserv worth $637,423,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jacobi Capital Management LLC increased its position in shares of Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after acquiring an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after buying an additional 44 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after buying an additional 45 shares during the last quarter. Rappaport Reiches Capital Management LLC lifted its position in Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares during the last quarter. Finally, Adero Partners LLC boosted its position in Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after buying an additional 55 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 completion of the sale, the insider now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Gelb sold 5,652 shares of the business'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 value of $904,320.00. Following the completion of the sale, the executive vice president now 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. Company insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FI. UBS Group dropped their price objective on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Robert W. Baird lowered their price target on Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Mizuho set a $200.00 target price on shares of Fiserv in a report on Thursday, May 15th. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. Two 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Fiserv Trading Up 0.6%

Shares of Fiserv stock traded up $1.09 on Thursday, reaching $171.45. The company had a trading volume of 3,051,052 shares, compared to its average volume of 3,333,212. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm's 50-day moving average price is $174.80 and its two-hundred day moving average price is $200.95. The firm has a market cap of $95.06 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.06 and a beta of 0.90. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59.

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