Fiserv, Inc. (NYSE:FI) is Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's 3rd Largest Position

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,776,382 shares of the business services provider's stock after selling 52,849 shares during the quarter. Fiserv comprises approximately 5.8% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 3rd largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.50% of Fiserv worth $602,753,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vega Investment Solutions purchased a new stake in Fiserv during the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $28,000. Campbell Capital Management Inc. purchased a new stake in Fiserv during the 4th quarter valued at approximately $37,000. Quarry LP grew its holdings in 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 buying an additional 70 shares in the last quarter. Finally, Knuff & Co LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $45,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

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 company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $174.06 and a two-hundred day simple moving average of $200.74. The stock has a market capitalization of $95.06 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.06 and a beta of 0.90.

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 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 during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 now owns 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated 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 now owns 53,385 shares in the company, valued at $8,577,901.80. This 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FI. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. Wall Street Zen assumed coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. JPMorgan Chase & Co. dropped their price target on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Barclays reduced their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, BMO Capital Markets lowered their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus 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.

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