Annis Gardner Whiting Capital Advisors LLC Sells 5,094 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• Annis Gardner Whiting Capital Advisors LLC significantly reduced its stake in Fiserv, Inc. by 69.5% during the first quarter, leaving them with shares valued at approximately $494,000.
• Wall Street analysts have mixed views on Fiserv, with a majority holding a "buy" rating and a consensus price target of $207.08, though several firms have lowered their price objectives recently.
• Fiserv reported earnings that exceeded analysts' expectations, with $2.47 earnings per share for the quarter, marking an 8% year-over-year revenue growth.

Annis Gardner Whiting Capital Advisors LLC lowered its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 69.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,238 shares of the business services provider's stock after selling 5,094 shares during the period. Annis Gardner Whiting Capital Advisors LLC's holdings in Fiserv were worth $494,000 at the end of the most recent quarter.

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

Fiserv Stock Up 0.3%

Shares of FI stock traded up $0.40 on Friday, hitting $133.10. 3,927,627 shares of the stock were exchanged, compared to its average volume of 4,497,122. The business has a 50-day moving average of $160.58 and a 200 day moving average of $190.74. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The firm has a market capitalization of $72.35 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 EPS. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Transactions at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on 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 owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reduced their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Mizuho cut their price target on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. Robert W. Baird decreased their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and a consensus price target of $207.08.

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.