Eads & Heald Wealth Management Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

Eads & Heald Wealth Management reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,861 shares of the business services provider's stock after selling 1,722 shares during the quarter. Fiserv accounts for 1.7% of Eads & Heald Wealth Management's portfolio, making the stock its 5th biggest holding. Eads & Heald Wealth Management's holdings in Fiserv were worth $3,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Vega Investment Solutions bought a new position in shares of Fiserv during the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv during the fourth quarter valued at $28,000. Campbell Capital Management Inc. purchased a new stake in Fiserv during the fourth quarter valued at $37,000. Quarry LP increased its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Finally, Knuff & Co LLC purchased a new stake in Fiserv during the fourth quarter valued at $45,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FI. The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. BMO Capital Markets reduced their price objective 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 reiterated a "sell" rating and set a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Truist Financial initiated coverage on Fiserv in a research report on Monday, June 2nd. They issued a "buy" rating and a $181.00 price target for the company. Finally, Piper Sandler set a $218.00 price target on Fiserv in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and a consensus price target of $221.23.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider now owns 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

NYSE FI opened at $172.47 on Monday. The firm has a market cap of $95.62 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91. 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 business has a 50-day moving average price of $173.34 and a 200-day moving average price of $200.48. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.

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