Deutsche Bank AG Has $444.19 Million Stake in Fiserv, Inc. (NYSE:FI)

Key Points

• Deutsche Bank AG reduced its stake in Fiserv, Inc. by 3.1% during Q1, bringing its total holdings to approximately 2 million shares valued at $444.2 million.
• Fiserv reported a net margin of 16.00% and achieved earnings per share of $2.47 for the quarter, exceeding analysts' expectations of $2.43.
• Analysts have mixed views on Fiserv's stock, with ratings ranging from "sell" to "strong buy", and an average price target set at $207.08.

Deutsche Bank AG decreased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 3.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,011,443 shares of the business services provider's stock after selling 64,839 shares during the quarter. Deutsche Bank AG owned 0.36% of Fiserv worth $444,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after purchasing an additional 535,407 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after purchasing an additional 340,938 shares in the last quarter. Northern Trust Corp raised its stake in shares of Fiserv by 19.5% in the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock valued at $1,274,984,000 after acquiring an additional 1,014,126 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Fiserv by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider's stock valued at $1,055,301,000 after acquiring an additional 190,527 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FI shares. Morgan Stanley cut their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Stephens lowered their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Barclays set a $175.00 price objective on Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. UBS Group reduced their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Insider Buying and Selling at Fiserv

In other news, 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 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 approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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. 0.75% of the stock is currently owned by company insiders.

Fiserv Price Performance

Shares of FI stock traded down $0.12 during trading hours on Tuesday, hitting $132.11. 970,620 shares of the company's stock were exchanged, compared to its average volume of 4,466,933. The stock's 50-day moving average is $159.40 and its 200-day moving average is $189.43. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $71.81 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.