Hengehold Capital Management LLC Purchases 1,820 Shares of Fiserv, Inc. (NYSE:FI)

Hengehold Capital Management LLC boosted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 39.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,476 shares of the business services provider's stock after buying an additional 1,820 shares during the quarter. Hengehold Capital Management LLC's holdings in Fiserv were worth $1,430,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vega Investment Solutions acquired a new position in shares of Fiserv in the 4th quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the 4th quarter valued at $28,000. Marshall Investment Management LLC bought a new position in Fiserv in the 4th quarter valued at $29,000. Campbell Capital Management Inc. bought a new position in Fiserv in the 4th quarter valued at $37,000. Finally, Quarry LP boosted its stake in Fiserv by 51.9% in 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 in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Transactions at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the firm's 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 completion of the transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the company's 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 sale, the insider now 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. 0.74% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on FI. Barclays decreased their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a report on Wednesday, April 9th. Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Keefe, Bruyette & Woods dropped 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, Truist Financial assumed coverage on Fiserv in a research report on Monday, June 2nd. They issued a "buy" rating and a $181.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $220.27.

Fiserv Trading Down 3.1%

NYSE:FI traded down $5.23 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 business's 50-day moving average price is $181.52 and its two-hundred day moving average price is $203.56. The firm has a market cap of $90.26 billion, a PE ratio of 30.20, a PEG ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

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 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the previous year, the business posted $1.88 EPS. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has authorized a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

About Fiserv

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.