Fiserv, Inc. (NYSE:FI) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,900 shares of the business services provider's stock after selling 17,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Fiserv were worth $48,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vega Investment Solutions purchased a new position in shares of Fiserv in the fourth quarter worth about $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the fourth quarter worth about $28,000. Marshall Investment Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Campbell Capital Management Inc. acquired a new stake in Fiserv during the fourth quarter worth about $37,000. Finally, Quarry LP increased its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup cut their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Morgan Stanley restated an "overweight" rating and set a $268.00 price objective (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Truist Financial assumed coverage on shares of Fiserv in a research report on Monday, June 2nd. They set a "buy" rating and a $181.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Finally, Piper Sandler set a $218.00 price target on shares of Fiserv in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.27.

Fiserv Stock Down 3.1%

Shares of FI stock traded down $5.23 during trading on Friday, reaching $162.79. The company's stock had a trading volume of 3,499,748 shares, compared to its average volume of 3,265,879. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The stock's 50-day moving average price is $181.52 and its 200 day moving average price is $203.56. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market capitalization of $90.26 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.52 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the firm earned $1.88 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now owns 53,385 shares of the company's stock, valued at $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 owned by insiders.

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.