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Cozad Asset Management Inc. Has $11.09 Million Position in Fiserv, Inc. (NYSE:FI)

Fiserv logo with Business Services background

Key Points

  • Cozad Asset Management Inc. reduced its stake in Fiserv, Inc. by 9.3%, owning 50,228 shares valued at approximately $11.09 million, making it the 24th largest position in its portfolio.
  • Institutional investors and hedge funds collectively own 90.98% of Fiserv's stock, indicating strong institutional interest in the company.
  • Analyst ratings for Fiserv show an average rating of "Moderate Buy" with a price target of $208.42, highlighting positive sentiment among analysts.
  • MarketBeat previews the top five stocks to own by September 1st.

Cozad Asset Management Inc. reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 50,228 shares of the business services provider's stock after selling 5,166 shares during the period. Fiserv makes up 1.1% of Cozad Asset Management Inc.'s investment portfolio, making the stock its 24th largest holding. Cozad Asset Management Inc.'s holdings in Fiserv were worth $11,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vega Investment Solutions purchased a new stake in shares of Fiserv in the fourth quarter valued at about $25,000. Park Square Financial Group LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $28,000. Abound Financial LLC acquired a new stake in shares of Fiserv in the first quarter valued at about $38,000. Quarry LP lifted its stake 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 period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Fiserv during the fourth quarter worth about $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI traded down $3.21 on Friday, reaching $135.73. The company had a trading volume of 3,818,051 shares, compared to its average volume of 4,457,816. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $73.78 billion, a P/E ratio of 22.67, a PEG ratio of 0.92 and a beta of 0.91. The company has a fifty day moving average of $163.09 and a 200-day moving average of $193.22.

Fiserv (NYSE:FI - Get Free Report) last posted 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. BMO Capital Markets lowered their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Stephens lowered their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. Finally, Truist Financial boosted their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $207.08.

Check Out Our Latest Report on Fiserv

Insider Buying and Selling

In other 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 value 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 represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president directly owned 25,385 shares of the company's stock, 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. 0.74% of the stock is owned by corporate insiders.

Fiserv Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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