Crossmark Global Holdings Inc. Has $10.72 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Crossmark Global Holdings Inc. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 36.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 48,540 shares of the business services provider's stock after acquiring an additional 12,969 shares during the period. Crossmark Global Holdings Inc.'s holdings in Fiserv were worth $10,719,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacific Point Advisors LLC lifted its holdings in Fiserv by 8.7% during the 1st quarter. Pacific Point Advisors LLC now owns 6,717 shares of the business services provider's stock valued at $1,483,000 after purchasing an additional 535 shares during the last quarter. Callan Capital LLC lifted its holdings in Fiserv by 20.0% during the 1st quarter. Callan Capital LLC now owns 2,074 shares of the business services provider's stock valued at $458,000 after purchasing an additional 345 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Fiserv by 354.2% during the 1st quarter. TD Private Client Wealth LLC now owns 20,167 shares of the business services provider's stock valued at $4,453,000 after purchasing an additional 15,727 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Fiserv by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,896,313 shares of the business services provider's stock worth $418,763,000 after acquiring an additional 100,793 shares during the last quarter. Finally, Drake & Associates LLC raised its stake in shares of Fiserv by 18.2% in the first quarter. Drake & Associates LLC now owns 4,606 shares of the business services provider's stock worth $1,017,000 after acquiring an additional 710 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on FI. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a research note on Friday, April 25th. Wall Street Zen initiated coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating for the company. Citigroup lowered their price target 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. 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 research report on Friday, April 25th. Finally, Jefferies Financial Group lowered their price target 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Stock Down 2.6%

FI traded down $4.49 during trading hours on Friday, hitting $165.21. 6,293,974 shares of the company's stock were exchanged, compared to its average volume of 3,393,552. Fiserv, Inc. has a 1-year low of $151.59 and a 1-year high of $238.59. The stock's 50-day moving average is $169.52 and its two-hundred day moving average is $198.27. The stock has a market cap of $91.60 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.04 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 (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

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