Close Asset Management Ltd Has $268.39 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Close Asset Management Ltd grew its position in Fiserv, Inc. (NYSE:FI - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,214,750 shares of the business services provider's stock after purchasing an additional 18,222 shares during the period. Fiserv comprises about 7.7% of Close Asset Management Ltd's portfolio, making the stock its largest position. Close Asset Management Ltd owned approximately 0.22% of Fiserv worth $268,393,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vestor Capital LLC raised its holdings in Fiserv by 1.6% in the first quarter. Vestor Capital LLC now owns 131,462 shares of the business services provider's stock worth $29,031,000 after purchasing an additional 2,039 shares during the period. Accredited Investors Inc. raised its holdings in shares of Fiserv by 5.9% during the first quarter. Accredited Investors Inc. now owns 1,863 shares of the business services provider's stock worth $411,000 after acquiring an additional 104 shares during the period. Quadrant Private Wealth Management LLC raised its holdings in shares of Fiserv by 8.3% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,146 shares of the business services provider's stock worth $253,000 after acquiring an additional 88 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Fiserv by 6.4% during the first quarter. Proficio Capital Partners LLC now owns 2,512 shares of the business services provider's stock worth $555,000 after acquiring an additional 151 shares during the period. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of Fiserv by 1.8% during the first quarter. KLP Kapitalforvaltning AS now owns 214,836 shares of the business services provider's stock worth $47,442,000 after acquiring an additional 3,900 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the topic of a number of research analyst reports. Morgan Stanley dropped their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Redburn Atlantic restated a "sell" rating and set a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Tigress Financial raised their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Barclays dropped their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Stephens dropped their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.54.

Fiserv Stock Performance

Shares of FI traded up $1.92 during midday trading on Friday, reaching $142.00. The stock had a trading volume of 7,781,444 shares, compared to its average volume of 5,455,337. The firm has a 50 day simple moving average of $165.03 and a 200-day simple moving average of $194.95. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The firm has a market cap of $78.73 billion, a PE ratio of 23.71, a P/E/G ratio of 0.86 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.13 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 completion of the sale, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 directly owned 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 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.