Marshall & Sullivan Inc. WA Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

Marshall & Sullivan Inc. WA lowered its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,552 shares of the business services provider's stock after selling 2,423 shares during the period. Fiserv comprises 4.2% of Marshall & Sullivan Inc. WA's portfolio, making the stock its 3rd largest holding. Marshall & Sullivan Inc. WA's holdings in Fiserv were worth $8,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. LaFleur & Godfrey LLC increased its position in Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after purchasing an additional 75 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Fiserv during the 4th quarter valued at about $11,330,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Fiserv by 5.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,903 shares of the business services provider's stock worth $3,472,000 after acquiring an additional 871 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in shares of Fiserv by 349.2% in the fourth quarter. Richardson Financial Services Inc. now owns 283 shares of the business services provider's stock valued at $58,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred 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 sale, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on FI. Mizuho set a $200.00 price objective on Fiserv in a research note on Thursday, May 15th. Truist Financial began coverage on Fiserv in a report on Monday. They set a "buy" rating and a $181.00 target price for the company. KeyCorp raised their target price on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Susquehanna cut their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Finally, Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $220.27.

Fiserv Trading Up 1.3%

Fiserv stock traded up $2.13 during midday trading on Wednesday, reaching $164.24. The stock had a trading volume of 4,521,998 shares, compared to its average volume of 3,214,284. The firm has a market cap of $91.06 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.52 and a beta of 0.91. The firm's fifty day simple moving average is $188.79 and its two-hundred day simple moving average is $206.47. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59.

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. 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 15.31% and a return on equity of 17.93%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 EPS. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.