Fiserv, Inc. (NYSE:FI) Shares Sold by Financial Insights Inc.

Financial Insights Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 68.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,025 shares of the business services provider's stock after selling 2,268 shares during the period. Financial Insights Inc.'s holdings in Fiserv were worth $211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jacobi Capital Management LLC boosted its position in shares of Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after acquiring an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after purchasing an additional 44 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in shares of Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after purchasing an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its position in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after purchasing an additional 50 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 completion of the transaction, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% 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.

Analyst Ratings Changes

FI has been the topic of a number of research analyst reports. Mizuho set a $200.00 target price on Fiserv in a research report on Thursday, May 15th. The Goldman Sachs Group decreased their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Monness Crespi & Hardt cut 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. Jefferies Financial Group decreased their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $221.84.

Fiserv Stock Up 1.7%

Shares of NYSE:FI traded up $2.78 during trading hours on Friday, hitting $162.40. The company's stock had a trading volume of 11,957,533 shares, compared to its average volume of 3,171,824. The firm's fifty day moving average price is $192.34 and its 200 day moving average price is $207.55. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The company has a market capitalization of $90.04 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Fiserv's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

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.