Fiserv, Inc. (NYSE:FI) Position Trimmed by Wilkins Investment Counsel Inc.

Key Points

• Wilkins Investment Counsel Inc. has reduced its position in Fiserv by 9.8%, owning 42,461 shares valued at approximately $9.37 million after the sale of 4,632 shares in the first quarter.
• Insider trading reports indicate that executive Adam L. Rosman and EVP Andrew Gelb sold shares, decreasing their ownership stakes by 4.49% and 18.21%, respectively.
• Several analysts have given Fiserv ratings changes recently, with Monness Crespi & Hardt upgrading it to a "neutral" rating while Piper Sandler set a price target of $218.00.

Wilkins Investment Counsel Inc. reduced its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 9.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,461 shares of the business services provider's stock after selling 4,632 shares during the quarter. Wilkins Investment Counsel Inc.'s holdings in Fiserv were worth $9,377,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FI. Kestra Private Wealth Services LLC raised its stake in Fiserv by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after acquiring an additional 230 shares during the period. American National Bank & Trust grew its holdings in shares of Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $54,981,000. Meridian Wealth Advisors LLC lifted its holdings in shares of Fiserv by 4.1% in the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Norges Bank acquired a new position in Fiserv during the 4th quarter valued at approximately $1,406,452,000. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated 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 sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares in the company, valued at approximately $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. Company insiders own 0.74% of the company's stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several analyst reports. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research report on Friday, April 25th. UBS Group reduced their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Morgan Stanley dropped their price target on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods cut their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.63.

Fiserv Price Performance

Fiserv stock opened at $140.19 on Friday. The business has a 50 day simple moving average of $165.52 and a 200 day simple moving average of $195.37. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The company has a market capitalization of $77.73 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.10.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter last year, the company posted $2.13 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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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