Financiere des Professionnels Fonds d investissement inc. Sells 1,786 Shares of Fiserv, Inc. (NYSE:FI)

Financiere des Professionnels Fonds d investissement inc. decreased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,322 shares of the business services provider's stock after selling 1,786 shares during the period. Fiserv comprises about 1.0% of Financiere des Professionnels Fonds d investissement inc.'s holdings, making the stock its 24th largest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in Fiserv were worth $15,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Fiserv during the fourth quarter worth $1,406,452,000. GAMMA Investing LLC boosted its position in Fiserv by 21,681.0% during the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after acquiring an additional 3,804,358 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Fiserv by 343.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after acquiring an additional 2,174,025 shares during the last quarter. Alliancebernstein L.P. boosted its position in Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares during the last quarter. Finally, FMR LLC boosted its position in Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of FI stock traded up $0.75 during trading on Wednesday, reaching $171.17. 3,323,487 shares of the company's stock traded hands, compared to its average volume of 4,110,137. The company has a market capitalization of $94.90 billion, a P/E ratio of 30.24, a PEG ratio of 1.07 and a beta of 0.91. 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 firm's 50-day moving average is $170.45 and its 200 day moving average is $199.02. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company 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%. Fiserv's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 EPS. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

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 owned 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm'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 sale, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

FI has been the topic of a number of research reports. UBS Group dropped their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Morgan Stanley restated an "overweight" rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Jefferies Financial Group reduced their price target on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Truist Financial initiated coverage on shares of Fiserv in a report on Monday, June 2nd. They issued a "buy" rating and a $181.00 price target for the company. Finally, Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a report on Wednesday, April 9th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $221.23.

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.