Fiserv, Inc. (NYSE:FI) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. reduced its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,645 shares of the business services provider's stock after selling 8,488 shares during the quarter. Tandem Investment Advisors Inc.'s holdings in Fiserv were worth $6,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FI. American National Bank & Trust raised its position in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares during the period. Evercore Wealth Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $54,981,000. Fairfield Financial Advisors LTD purchased a new stake in Fiserv in the 4th quarter valued at about $127,000. M&T Bank Corp lifted its position in Fiserv by 0.9% in the fourth quarter. M&T Bank Corp now owns 141,654 shares of the business services provider's stock valued at $29,099,000 after buying an additional 1,194 shares during the last quarter. Finally, Norges Bank purchased a new position in Fiserv during the fourth quarter worth about $1,406,452,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction 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 completion of the sale, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Stock Up 1.8%

FI stock traded up $3.10 during midday trading on Friday, reaching $175.55. 2,211,394 shares of the company were exchanged, compared to its average volume of 3,352,892. The company has a market cap of $97.33 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 1.07 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. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The stock's 50-day simple moving average is $170.87 and its 200 day simple moving average is $199.68.

Fiserv (NYSE:FI - Get Free Report) last released 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. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Wall Street Zen initiated coverage on Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating on the stock. UBS Group decreased their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. Keefe, Bruyette & Woods dropped 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. Finally, Royal Bank Of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. Two equities research 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $221.23.

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.