Fiserv, Inc. (NYSE:FI) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 82.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,062 shares of the business services provider's stock after selling 5,025 shares during the quarter. Edgestream Partners L.P.'s holdings in Fiserv were worth $235,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FI. Brighton Jones LLC lifted its holdings in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Fiserv by 48.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock worth $485,000 after acquiring an additional 775 shares during the last quarter. Whittier Trust Co. lifted its holdings in Fiserv by 2.4% during the 4th quarter. Whittier Trust Co. now owns 5,312 shares of the business services provider's stock worth $1,091,000 after buying an additional 125 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Fiserv by 35.4% during the 4th quarter. TD Private Client Wealth LLC now owns 4,440 shares of the business services provider's stock worth $912,000 after buying an additional 1,160 shares in the last quarter. Finally, Summit Global Investments lifted its holdings in Fiserv by 107.4% during the 4th quarter. Summit Global Investments now owns 2,817 shares of the business services provider's stock worth $579,000 after buying an additional 1,459 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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 on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $403,628.16. Following the transaction, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Stock Down 2.0%

Shares of NYSE FI traded down $2.81 during mid-day trading on Thursday, reaching $140.19. The company had a trading volume of 12,901,195 shares, compared to its average volume of 4,962,732. The company has a current ratio of 1.09, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. The firm has a 50 day simple moving average of $165.52 and a two-hundred day simple moving average of $195.37. The stock has a market cap of $77.73 billion, a P/E ratio of 23.40, a PEG ratio of 0.88 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 issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the firm posted $2.13 EPS. Fiserv's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

FI has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. UBS Group reduced their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Morgan Stanley reduced their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Robert W. Baird reduced their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned 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 a consensus target price of $211.63.

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.