Choreo LLC Sells 9,415 Shares of Fiserv, Inc. (NYSE:FI)

Choreo LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,157 shares of the business services provider's stock after selling 9,415 shares during the quarter. Choreo LLC's holdings in Fiserv were worth $30,509,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vega Investment Solutions bought a new position in shares of Fiserv in the fourth quarter valued at $25,000. Park Square Financial Group LLC bought a new position in shares of Fiserv in the fourth quarter valued at $28,000. Abound Financial LLC purchased a new stake in shares of Fiserv in the first quarter valued at about $38,000. Quarry LP raised its holdings in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $54,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. UBS Group decreased their price objective on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Robert W. Baird reduced their target price on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Tigress Financial lifted their target price on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Mizuho set a $200.00 target price on shares of Fiserv in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.52.

Insider Activity at Fiserv

In other Fiserv 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 transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 of the company's stock, valued at approximately $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. Corporate insiders own 0.75% of the company's stock.

Fiserv Stock Up 0.6%

Shares of NYSE:FI traded up $0.91 during midday trading on Tuesday, reaching $166.37. The company's stock had a trading volume of 737,904 shares, compared to its average volume of 3,426,162. The firm has a 50 day moving average of $167.76 and a 200-day moving average of $196.70. The firm has a market capitalization of $92.24 billion, a P/E ratio of 29.37, a PEG ratio of 1.02 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 12-month low of $154.17 and a 12-month high of $238.59.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. Fiserv's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Company 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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