Crestwood Advisors Group LLC Sells 5,044 Shares of Fiserv, Inc. (NYSE:FI)

Crestwood Advisors Group LLC lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,445 shares of the business services provider's stock after selling 5,044 shares during the quarter. Fiserv accounts for approximately 2.7% of Crestwood Advisors Group LLC's holdings, making the stock its 5th biggest holding. Crestwood Advisors Group LLC owned about 0.12% of Fiserv worth $144,742,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vega Investment Solutions acquired a new stake in Fiserv during the fourth quarter worth about $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the fourth quarter worth about $28,000. Abound Financial LLC acquired a new stake in Fiserv during the first quarter worth about $38,000. Quarry LP grew its position in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Fiserv in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Down 1.8%

Shares of NYSE:FI traded down $2.59 during mid-day trading on Thursday, hitting $140.41. The stock had a trading volume of 7,017,893 shares, compared to its average volume of 4,340,413. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $77.85 billion, a PE ratio of 24.84, a P/E/G ratio of 1.02 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company's 50 day moving average is $165.90 and its 200-day moving average is $195.82.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The company's revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In other news, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 completion of the sale, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's 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 transaction, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays decreased their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group decreased their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Robert W. Baird decreased their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Truist Financial upped their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.63.

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.