Fiserv, Inc. (NYSE:FI) Holdings Lowered by Montag A & Associates Inc.

Montag A & Associates Inc. trimmed its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,205 shares of the business services provider's stock after selling 26,922 shares during the period. Fiserv comprises about 1.2% of Montag A & Associates Inc.'s holdings, making the stock its 14th biggest holding. Montag A & Associates Inc.'s holdings in Fiserv were worth $24,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of FI. Vega Investment Solutions purchased a new stake in Fiserv in the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the 4th quarter worth about $28,000. Abound Financial LLC purchased a new stake in shares of Fiserv during the 1st quarter worth about $38,000. Quarry LP increased its holdings in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Fiserv during the 4th quarter valued at about $54,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the subject of several analyst reports. Wall Street Zen initiated coverage on Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating for the company. Truist Financial lifted their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Monness Crespi & Hardt downgraded 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. Finally, Tigress Financial lifted their price objective on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $220.59.

Fiserv Stock Performance

Shares of Fiserv stock opened at $165.78 on Friday. The firm has a market cap of $91.91 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. The stock's 50-day moving average is $167.76 and its 200-day moving average is $196.77. Fiserv, Inc. has a one year low of $154.17 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10.

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 return on equity of 18.74% and a net margin of 15.68%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the company earned $1.88 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $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 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.

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