Hunter Associates Investment Management LLC Reduces Position in Fiserv, Inc. (NYSE:FI)

Hunter Associates Investment Management LLC cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,199 shares of the business services provider's stock after selling 2,070 shares during the period. Fiserv accounts for 2.8% of Hunter Associates Investment Management LLC's portfolio, making the stock its 7th largest position. Hunter Associates Investment Management LLC's holdings in Fiserv were worth $18,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FI. American National Bank & Trust raised its holdings in shares of Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $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 fourth quarter worth $54,981,000. Norges Bank acquired a new stake in shares of Fiserv during the fourth quarter worth $1,406,452,000. Beck Mack & Oliver LLC increased its holdings in shares of Fiserv by 0.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock worth $105,463,000 after acquiring an additional 2,589 shares during the period. Finally, Ethic Inc. increased its holdings in shares of Fiserv by 15.0% in the 4th quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock worth $20,958,000 after acquiring an additional 13,325 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FI has been the topic of a number of analyst reports. Wall Street Zen initiated coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Jefferies Financial Group dropped their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Citigroup dropped their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Piper Sandler set a $218.00 target price on shares of 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Stock Down 2.6%

Shares of FI stock traded down $4.40 during trading on Friday, hitting $165.30. 3,662,408 shares of the company were exchanged, compared to its average volume of 3,379,327. 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 firm has a market capitalization of $91.65 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.05 and a beta of 0.91. The business's 50-day simple moving average is $169.90 and its 200 day simple moving average is $198.57. Fiserv, Inc. has a twelve month low of $148.58 and a twelve month high of $238.59.

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 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 analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 earnings per share. As a group, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.