Broderick Brian C Sells 2,521 Shares of Fiserv, Inc. (NYSE:FI)

Broderick Brian C lessened its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,289 shares of the business services provider's stock after selling 2,521 shares during the quarter. Fiserv comprises approximately 4.3% of Broderick Brian C's portfolio, making the stock its 5th largest position. Broderick Brian C's holdings in Fiserv were worth $21,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Fiserv by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after buying an additional 218,833 shares during the period. FMR LLC raised its position in shares of Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after buying an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Fiserv by 16.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock valued at $1,649,705,000 after purchasing an additional 1,121,597 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after purchasing an additional 340,938 shares during the last quarter. Finally, Norges Bank acquired a new stake in Fiserv in the 4th quarter valued at approximately $1,406,452,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Stock Performance

FI traded up $1.61 on Friday, reaching $162.97. The company had a trading volume of 8,513,492 shares, compared to its average volume of 3,289,714. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59. The stock has a market capitalization of $90.36 billion, a PE ratio of 28.79, a P/E/G ratio of 1.01 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $177.23 and a 200-day moving average price of $201.64.

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

Analysts Set New Price Targets

Several research firms recently weighed in on FI. JPMorgan Chase & Co. dropped their target price on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Piper Sandler set a $218.00 target price on shares of Fiserv in a report on Friday, April 25th. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. BMO Capital Markets dropped their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Tigress Financial lifted their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Two equities research 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.