Fiserv, Inc. (NYSE:FI) Shares Sold by Davidson Capital Management Inc.

Davidson Capital Management Inc. decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 26.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,873 shares of the business services provider's stock after selling 5,230 shares during the period. Fiserv makes up about 0.9% of Davidson Capital Management Inc.'s investment portfolio, making the stock its 14th largest position. Davidson Capital Management Inc.'s holdings in Fiserv were worth $3,284,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LaFleur & Godfrey LLC boosted its stake in shares of Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after purchasing an additional 75 shares during the period. Brighton Jones LLC boosted its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Fiserv during the fourth quarter valued at $11,330,000. Van ECK Associates Corp boosted its stake in shares of Fiserv by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 22,699 shares of the business services provider's stock valued at $4,663,000 after purchasing an additional 594 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Fiserv by 49.3% during the fourth quarter. Allworth Financial LP now owns 7,176 shares of the business services provider's stock valued at $1,503,000 after purchasing an additional 2,368 shares during the period. Institutional investors own 90.98% of the company's stock.

Insider Activity

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 sale, the executive vice president now owns 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now directly owns 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Stock Up 1.0%

Shares of FI traded up $1.61 during mid-day trading on Friday, hitting $162.97. 8,513,492 shares of the company traded hands, compared to its average volume of 3,304,541. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $90.36 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. The business has a 50 day moving average of $178.13 and a 200 day moving average of $202.10.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has initiated a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FI shares. Wall Street Zen started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Susquehanna lowered their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. UBS Group lowered their price objective on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Finally, Tigress Financial upped their price objective 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. Two investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $221.23.

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.