Fiserv, Inc. (NYSE:FI) Shares Acquired by Unique Wealth LLC

Unique Wealth LLC grew its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 26.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,137 shares of the business services provider's stock after buying an additional 3,384 shares during the period. Unique Wealth LLC's holdings in Fiserv were worth $3,564,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Jacobi Capital Management LLC increased its holdings in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after acquiring an additional 44 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after acquiring an additional 44 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after acquiring an additional 45 shares during the period. Hemington Wealth Management increased its holdings in shares of Fiserv by 6.1% in the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after acquiring an additional 50 shares during the period. Finally, Pointe Capital Management LLC increased its holdings in shares of Fiserv by 1.8% in the 4th quarter. Pointe Capital Management LLC now owns 3,158 shares of the business services provider's stock valued at $649,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling

In other news, insider Adam L. Rosman sold 2,512 shares of the 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 transaction, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of the 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 owns 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. Insiders own 0.75% of the company's stock.

Fiserv Price Performance

Fiserv stock opened at $165.41 on Friday. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm's 50-day simple moving average is $186.64 and its 200 day simple moving average is $205.85. The firm has a market capitalization of $91.71 billion, a PE ratio of 30.69, a P/E/G ratio of 1.52 and a beta of 0.91.

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

Fiserv declared that its board has approved 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 buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

FI has been the topic of a number of recent research reports. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a report on Wednesday, April 9th. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Citigroup dropped their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Redburn Atlantic reissued a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Two investment 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $220.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.