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

Other institutional investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its position in Fiserv by 1.2% in the fourth 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 during the last quarter. Rappaport Reiches Capital Management LLC raised its stake in shares of 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 valued at $282,000 after acquiring an additional 48 shares during the period. Adero Partners LLC lifted its holdings in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after acquiring an additional 55 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Fiserv by 5.6% during the 1st 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, SBI Securities Co. Ltd. grew its holdings in Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI stock opened at $132.54 on Friday. The stock's 50-day moving average is $160.58 and its 200 day moving average is $190.74. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. 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 company has a market cap of $72.05 billion, a P/E ratio of 22.13, a PEG ratio of 0.87 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same period last year, the business earned $2.13 EPS. The company's revenue was up 8.0% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Redburn Atlantic reissued a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. KeyCorp decreased their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group dropped their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Citigroup reduced their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $207.08.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's 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 owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares in the company, valued at approximately $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. 0.74% of the stock is owned by company insiders.

Fiserv 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.

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