Fiserv, Inc. (NYSE:FI) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Fiserv, Inc. (NYSE:FI - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,896,313 shares of the business services provider's stock after acquiring an additional 100,793 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of Fiserv worth $418,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Geode Capital Management LLC increased its stake in Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after buying an additional 218,833 shares during the period. FMR LLC grew its holdings in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after acquiring an additional 1,121,597 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in 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 acquiring an additional 340,938 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Fiserv in the 4th quarter valued at about $1,406,452,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FI shares. Tigress Financial raised their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Piper Sandler set a $218.00 price target on shares of Fiserv in a report on Friday, April 25th. Robert W. Baird lowered their price target on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Jefferies Financial Group lowered their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Finally, Redburn Atlantic reissued a "sell" rating and set a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Two investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $221.23.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the company'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 transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company'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 sale, the executive vice president owned 25,385 shares in the company, valued at $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. Corporate insiders own 0.74% of the company's stock.

Fiserv Price Performance

FI traded down $4.49 on Friday, hitting $165.21. 6,293,974 shares of the company's stock were exchanged, compared to its average volume of 3,393,552. The firm has a 50-day moving average price of $169.52 and a 200-day moving average price of $198.27. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a market cap of $91.60 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.04 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $151.59 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced 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 firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.