Board of the Pension Protection Fund Cuts Stake in Fiserv, Inc. (NYSE:FI)

Board of the Pension Protection Fund lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 80.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 900 shares of the business services provider's stock after selling 3,700 shares during the quarter. Board of the Pension Protection Fund's holdings in Fiserv were worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Vega Investment Solutions bought a new position in shares of Fiserv during the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv during the fourth quarter valued at $28,000. Campbell Capital Management Inc. bought a new position in Fiserv during the fourth quarter valued at $37,000. Quarry LP grew its stake in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. Finally, Knuff & Co LLC purchased a new position in shares of Fiserv in the 4th quarter worth $45,000. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 0.6%

Shares of Fiserv stock opened at $172.47 on Friday. 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 stock has a market cap of $95.62 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.06 and a beta of 0.90. The firm's 50-day moving average is $173.34 and its two-hundred day moving average is $200.54. 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 quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.88 earnings per share. As a group, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FI shares. Wall Street Zen assumed coverage on Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. The Goldman Sachs Group cut their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. UBS Group decreased their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Finally, Truist Financial began coverage on shares of Fiserv in a research note on Monday, June 2nd. They set a "buy" rating and a $181.00 price objective for the company. Two investment 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 given a strong buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Insider Transactions at Fiserv

In other Fiserv news, 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 value 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 the SEC website. 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 completion of the transaction, the executive vice president now directly owns 25,385 shares in the company, 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. 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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