Fiserv, Inc. (NYSE:FI) Stake Cut by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,362 shares of the business services provider's stock after selling 8,958 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Fiserv were worth $17,084,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction 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 $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now directly owns 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Tigress Financial upped their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group lowered their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, Citigroup lowered their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two equities research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $221.23.

Fiserv Price Performance

FI stock traded down $2.13 during trading hours on Wednesday, hitting $170.53. 4,124,383 shares of the stock traded hands, compared to its average volume of 3,331,649. The stock has a 50-day simple moving average of $174.80 and a 200 day simple moving average of $200.95. Fiserv, Inc. has a one year low of $146.46 and a one year high of $238.59. The company has a market cap of $94.55 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.07 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

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 for the quarter, beating 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 analysts' expectations of $4.86 billion. During the same quarter last year, the business posted $1.88 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.