Fiserv, Inc. (NYSE:FI) Position Decreased by Bridges Investment Management Inc.

Bridges Investment Management Inc. reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other large investors have also modified their holdings of FI. Vega Investment Solutions purchased a new position in Fiserv in the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the fourth quarter valued at 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 acquired a new stake in Fiserv in the first quarter valued at approximately $38,000. Finally, Quarry LP grew its position in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the 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 completion of the transaction, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the 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 completion of the transaction, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Stock Performance

Shares of FI traded down $4.49 during midday trading on Friday, hitting $165.21. 6,293,974 shares of the stock traded hands, compared to its average volume of 3,393,552. The firm has a market capitalization of $91.60 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. The business's 50 day moving average price is $169.52 and its two-hundred day moving average price is $198.27. Fiserv, Inc. has a 1-year low of $151.59 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results 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 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%. Fiserv's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 EPS. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective for the company. in a research report on Wednesday, April 9th. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Barclays lowered their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Robert W. Baird lowered their price objective on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Finally, BMO Capital Markets decreased their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

About Fiserv

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.