Fiserv, Inc. (NYSE:FI) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 272.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,885 shares of the business services provider's stock after acquiring an additional 53,310 shares during the period. Apollon Wealth Management LLC's holdings in Fiserv were worth $16,095,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the 4th quarter valued at about $28,000. Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter valued at about $38,000. Quarry LP raised its holdings in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Fiserv in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction 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 sale, the executive vice president directly owned 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 through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction 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 owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

Fiserv stock opened at $165.21 on Monday. The stock has a market cap of $91.60 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. The company has a fifty day simple moving average of $169.52 and a 200-day simple moving average of $198.11. Fiserv, Inc. has a 12-month low of $153.77 and a 12-month high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

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 (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Barclays cut their price target on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group cut their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Robert W. Baird cut their price target on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Finally, Truist Financial began coverage on shares of Fiserv in a report on Monday, June 2nd. They set a "buy" rating and a $181.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $221.23.

Fiserv 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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