Bridges Investment Management Inc. Sells 3,193 Shares of Fiserv, Inc. (NYSE:FI)

Bridges Investment Management Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,619 shares of the business services provider's stock after selling 3,193 shares during the period. Bridges Investment Management Inc.'s holdings in Fiserv were worth $3,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vega Investment Solutions purchased a new stake in shares of Fiserv during the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new position in Fiserv during the fourth quarter worth approximately $28,000. Campbell Capital Management Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $37,000. Abound Financial LLC purchased a new stake in shares of Fiserv in the first quarter valued at approximately $38,000. Finally, Quarry LP raised its stake in shares of Fiserv by 51.9% during 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 during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.4%

NYSE FI traded up $0.75 during mid-day trading on Wednesday, reaching $171.17. 3,323,710 shares of the company's stock traded hands, compared to its average volume of 3,369,655. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The company has a fifty day simple moving average of $170.45 and a 200-day simple moving average of $199.02. The company has a market cap of $94.90 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.04 and a beta of 0.91.

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 analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Andrew Gelb sold 5,652 shares of the business'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 value of $904,320.00. Following the completion of the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FI shares. The Goldman Sachs Group lowered their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Barclays dropped their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. BMO Capital Markets decreased their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, Robert W. Baird dropped their target price on Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average target price of $221.23.

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.