Fiserv, Inc. (NYSE:FI) is Hunter Perkins Capital Management LLC's 5th Largest Position

Hunter Perkins Capital Management LLC lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 13.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,685 shares of the business services provider's stock after selling 11,727 shares during the period. Fiserv accounts for approximately 3.7% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 5th largest holding. Hunter Perkins Capital Management LLC's holdings in Fiserv were worth $16,051,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FI. LaFleur & Godfrey LLC boosted its holdings in Fiserv by 0.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC boosted its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after purchasing an additional 2,033 shares during the period. IFP Advisors Inc grew its holdings in shares of Fiserv by 3.0% in the fourth quarter. IFP Advisors Inc now owns 7,642 shares of the business services provider's stock worth $1,570,000 after purchasing an additional 224 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Fiserv in the fourth quarter worth $242,000. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Fiserv by 9.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,054 shares of the business services provider's stock valued at $5,968,000 after acquiring an additional 2,453 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 0.6%

Shares of FI stock opened at $171.45 on Friday. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The stock has a market cap of $95.06 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.06 and a beta of 0.90. The company's 50-day moving average price is $174.06 and its 200-day moving average price is $200.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider now owns 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 disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. Mizuho set a $200.00 price target on shares of Fiserv in a research note on Thursday, May 15th. Susquehanna cut their price objective on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, UBS Group dropped their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Two research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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