DekaBank Deutsche Girozentrale Sells 4,843 Shares of Fiserv, Inc. (NYSE:FI)

DekaBank Deutsche Girozentrale trimmed its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,652 shares of the business services provider's stock after selling 4,843 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Fiserv worth $79,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. grew its holdings in Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares in the last quarter. Rappaport Reiches Capital Management LLC lifted its position in Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after purchasing an additional 48 shares during the period. Adero Partners LLC lifted its position in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after purchasing an additional 55 shares during the period. Oakworth Capital Inc. lifted its position in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after purchasing an additional 56 shares during the period. Finally, PDS Planning Inc lifted its position in Fiserv by 1.7% in the first quarter. PDS Planning Inc now owns 3,421 shares of the business services provider's stock worth $755,000 after purchasing an additional 58 shares during the period. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Tigress Financial upped their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. BMO Capital Markets cut their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Morgan Stanley restated an "overweight" rating and issued a $268.00 target price (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Finally, Jefferies Financial Group cut their price objective on 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 given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $221.23.

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the 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 owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Stock Down 2.6%

FI traded down $4.49 during trading on Friday, hitting $165.21. The company had a trading volume of 6,293,974 shares, compared to its average volume of 3,393,552. The company has a market capitalization of $91.60 billion, a PE ratio of 29.19, a PEG ratio of 1.04 and a beta of 0.91. Fiserv, Inc. has a one year low of $151.59 and a one year high of $238.59. The firm's 50-day moving average price is $169.52 and its 200 day moving average price is $198.27. 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 issued its quarterly earnings results 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 analyst estimates of $4.86 billion. During the same period in the previous year, the business earned $1.88 EPS. The company's revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.