Burke & Herbert Bank & Trust Co. Cuts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Burke & Herbert Bank & Trust Co. lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 23.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,825 shares of the business services provider's stock after selling 3,025 shares during the period. Burke & Herbert Bank & Trust Co.'s holdings in Fiserv were worth $2,170,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vega Investment Solutions purchased a new position in shares of Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the 4th quarter valued at $28,000. Campbell Capital Management Inc. acquired a new stake in Fiserv during the 4th quarter valued at $37,000. Quarry LP grew its holdings in Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Knuff & Co LLC acquired a new stake in Fiserv during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the business's 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 sale, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated 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 owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% 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 Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Wall Street Zen assumed coverage on shares of Fiserv in a report on Sunday, March 23rd. They set a "buy" rating for the company. JPMorgan Chase & Co. lowered their price target 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. The Goldman Sachs Group lowered their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $221.23.

Fiserv Trading Up 1.8%

Fiserv stock opened at $175.55 on Friday. The company has a market cap of $97.33 billion, a P/E ratio of 31.02, a PEG ratio of 1.08 and a beta of 0.91. The firm's 50-day moving average is $170.83 and its 200-day moving average is $199.48. Fiserv, Inc. has a 1 year low of $146.46 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 issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate 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%. Fiserv's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.

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