Fiserv, Inc. (NYSE:FI) is Cadinha & Co. LLC's 5th Largest Position

Cadinha & Co. LLC decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,425 shares of the business services provider's stock after selling 2,333 shares during the period. Fiserv accounts for about 4.2% of Cadinha & Co. LLC's investment portfolio, making the stock its 5th biggest position. Cadinha & Co. LLC's holdings in Fiserv were worth $19,527,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Jacobi Capital Management LLC raised its stake in Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after buying an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Fiserv by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after buying an additional 45 shares in the last quarter. Catalina Capital Group LLC raised its stake in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after buying an additional 48 shares in the last quarter. Finally, Hemington Wealth Management raised its stake in Fiserv by 6.1% in the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock worth $177,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Transactions at Fiserv

In related news, 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 transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade 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

NYSE:FI traded up $2.78 during mid-day trading on Friday, hitting $162.40. The company's stock had a trading volume of 11,957,533 shares, compared to its average volume of 3,175,467. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market cap of $90.04 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.52 and a beta of 0.97. The business's fifty day moving average is $191.13 and its two-hundred day moving average is $207.19.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the company posted $1.88 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has authorized a stock repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Mizuho set a $200.00 price target on Fiserv in a research report on Thursday, May 15th. Citigroup reduced their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group reduced their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Wall Street Zen assumed coverage on Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $221.84.

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.