Nemes Rush Group LLC boosted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,106 shares of the business services provider's stock after acquiring an additional 2,329 shares during the quarter. Nemes Rush Group LLC's holdings in Fiserv were worth $8,415,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Fiserv by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after purchasing an additional 218,833 shares in the last quarter. FMR LLC lifted its holdings in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after buying an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after buying an additional 253,544 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after buying an additional 340,938 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Fiserv by 19.5% during the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after buying an additional 1,014,126 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on FI. Royal Bank Of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. KeyCorp cut their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Mizuho cut their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday. Redburn Atlantic reissued a "sell" rating and issued a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. Finally, Citigroup cut their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $207.08.
Check Out Our Latest Stock Analysis on FI
Insider Buying and Selling at Fiserv
In other news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction on 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 owned 53,385 shares of the company's stock, 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 filing with the SEC, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.
Fiserv Price Performance
Shares of NYSE FI traded down $0.59 during mid-day trading on Thursday, reaching $140.26. The company had a trading volume of 2,935,111 shares, compared to its average volume of 4,444,049. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market cap of $76.25 billion, a PE ratio of 23.40, a P/E/G ratio of 0.93 and a beta of 0.91. The company has a 50-day moving average price of $163.54 and a two-hundred day moving average price of $193.65. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59.
Fiserv (NYSE:FI - Get Free Report) last issued 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. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.
About Fiserv
(
Free Report)
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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