Dudley & Shanley Inc. Has $34.55 Million Position in Fiserv, Inc. (NYSE:FI)

Dudley & Shanley Inc. decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,474 shares of the business services provider's stock after selling 20,149 shares during the quarter. Fiserv accounts for approximately 5.4% of Dudley & Shanley Inc.'s holdings, making the stock its 3rd biggest position. Dudley & Shanley Inc.'s holdings in Fiserv were worth $34,554,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wright Investors Service Inc. raised its holdings in shares of Fiserv by 9.1% during the first quarter. Wright Investors Service Inc. now owns 3,068 shares of the business services provider's stock worth $678,000 after acquiring an additional 255 shares in the last quarter. American National Bank & Trust raised its stake in shares of Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after purchasing an additional 1,983 shares in the last quarter. Czech National Bank grew its stake in shares of Fiserv by 5.9% in the 1st quarter. Czech National Bank now owns 130,672 shares of the business services provider's stock valued at $28,856,000 after buying an additional 7,319 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Fiserv by 1.5% in the 1st quarter. Rhumbline Advisers now owns 1,083,343 shares of the business services provider's stock valued at $239,234,000 after buying an additional 15,718 shares in the last quarter. Finally, Bowman & Co S.C. raised its position in Fiserv by 5.8% during the first quarter. Bowman & Co S.C. now owns 8,394 shares of the business services provider's stock valued at $1,854,000 after acquiring an additional 459 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 0.5%

Shares of FI stock traded up $0.82 on Thursday, hitting $164.98. 1,799,772 shares of the stock were exchanged, compared to its average volume of 3,213,603. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $91.47 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The business has a 50-day moving average of $187.75 and a 200 day moving average of $206.18.

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 for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the business earned $1.88 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has approved a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FI shares. BMO Capital Markets dropped their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Truist Financial began coverage on Fiserv in a research note on Monday. They set a "buy" rating and a $181.00 price target for the company. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. Tigress Financial boosted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Royal Bank of Canada set a $237.00 price objective on shares of Fiserv in a report on Friday, April 25th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $220.27.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred 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 now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $904,320.00. Following the transaction, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.

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.