Fiserv, Inc. (NYSE:FI) is Nichols & Pratt Advisers LLP MA's 6th Largest Position

Nichols & Pratt Advisers LLP MA lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,274 shares of the business services provider's stock after selling 6,859 shares during the quarter. Fiserv comprises 4.9% of Nichols & Pratt Advisers LLP MA's holdings, making the stock its 6th largest holding. Nichols & Pratt Advisers LLP MA owned 0.06% of Fiserv worth $72,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Fiserv during the fourth quarter worth $1,406,452,000. GAMMA Investing LLC grew its stake in Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after buying an additional 3,804,358 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Fiserv during the 4th quarter valued at about $614,982,000. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 343.7% in 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 buying an additional 2,174,025 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Fiserv by 65.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after acquiring an additional 2,153,554 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

NYSE FI traded up $3.10 during mid-day trading on Friday, reaching $175.55. 2,211,394 shares of the stock were exchanged, compared to its average volume of 3,352,892. The company has a market capitalization of $97.33 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.08 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The business's 50 day moving average is $170.87 and its 200-day moving average is $199.68. 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 posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the company posted $1.88 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective for the company. in a research report on Wednesday, April 9th. Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a 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 note on Thursday, April 17th. UBS Group cut their target price on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Finally, Robert W. Baird lowered their price target on Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value 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. 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 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.