Anderson Hoagland & Co. Sells 9,421 Shares of Fiserv, Inc. (NYSE:FI)

Anderson Hoagland & Co. reduced its position in Fiserv, Inc. (NYSE:FI - Free Report) by 43.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,209 shares of the business services provider's stock after selling 9,421 shares during the quarter. Anderson Hoagland & Co.'s holdings in Fiserv were worth $2,696,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vega Investment Solutions bought a new stake in Fiserv during the fourth quarter worth about $25,000. Park Square Financial Group LLC bought a new stake in Fiserv in the 4th quarter worth approximately $28,000. Valley National Advisers Inc. bought a new stake in Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC bought a new stake in Fiserv in the 4th quarter worth approximately $29,000. Finally, Compass Financial Services Inc bought a new stake in Fiserv in the 4th quarter worth approximately $31,000. 90.98% of the stock is currently owned by institutional investors.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $904,320.00. Following the completion of the sale, the executive vice president now owns 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

Fiserv stock traded up $0.82 during midday trading on Thursday, reaching $164.98. 1,799,772 shares of the stock traded hands, compared to its average volume of 3,213,603. 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 stock has a market cap of $91.47 billion, a P/E ratio of 30.61, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The stock's fifty day moving average is $187.75 and its 200-day moving average is $206.18.

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, beating 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 during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business earned $1.88 earnings per share. Fiserv's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has initiated a share buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FI shares. Citigroup lowered their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Jefferies Financial Group lowered their price target on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. UBS Group lowered their target price on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a research note on Wednesday, April 9th. Finally, Stephens upped their price target on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.