Buffington Mohr McNeal Has $3.93 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Buffington Mohr McNeal cut its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 41.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,780 shares of the business services provider's stock after selling 12,503 shares during the period. Buffington Mohr McNeal's holdings in Fiserv were worth $3,926,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Resonant Capital Advisors LLC raised its stake in Fiserv by 4.5% in the 1st quarter. Resonant Capital Advisors LLC now owns 2,978 shares of the business services provider's stock valued at $658,000 after acquiring an additional 127 shares during the period. Teacher Retirement System of Texas raised its position in shares of Fiserv by 27.9% in the first quarter. Teacher Retirement System of Texas now owns 232,732 shares of the business services provider's stock valued at $51,394,000 after purchasing an additional 50,722 shares during the period. Private Trust Co. NA lifted its stake in shares of Fiserv by 15.5% during the 1st quarter. Private Trust Co. NA now owns 2,591 shares of the business services provider's stock worth $572,000 after buying an additional 348 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Fiserv by 0.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 67,951 shares of the business services provider's stock worth $15,006,000 after buying an additional 382 shares during the period. Finally, Fiduciary Group LLC boosted its holdings in shares of Fiserv by 50.7% during the 1st quarter. Fiduciary Group LLC now owns 1,700 shares of the business services provider's stock worth $375,000 after buying an additional 572 shares during the period. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on FI. JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. Tigress Financial boosted their price target on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group decreased 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. Finally, Wall Street Zen assumed coverage on Fiserv in a report on Sunday, March 23rd. They set a "buy" rating for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Fiserv Price Performance

NYSE FI traded up $3.10 on Friday, hitting $175.55. 2,211,394 shares of the company's stock were exchanged, compared to its average volume of 3,352,892. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The stock has a 50-day moving average of $170.87 and a 200-day moving average of $199.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a market cap of $97.33 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.07 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the company earned $1.88 EPS. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of the business's 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 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 disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

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.