Fiserv, Inc. (NYSE:FI) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 25.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 317,859 shares of the business services provider's stock after selling 106,943 shares during the period. Fiserv accounts for about 1.1% of Artemis Investment Management LLP's holdings, making the stock its 27th biggest holding. Artemis Investment Management LLP owned 0.06% of Fiserv worth $70,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jacobi Capital Management LLC raised its holdings in 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 last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Fiserv by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after purchasing an additional 44 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after purchasing an additional 45 shares during the last quarter. Rappaport Reiches Capital Management LLC lifted its position in Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares in the last quarter. Finally, Adero Partners LLC lifted its position in Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after buying an additional 55 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Price Performance

Fiserv stock opened at $171.45 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 52-week low of $146.46 and a 52-week high of $238.59. The firm has a market cap of $95.06 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90. The company's 50 day moving average is $174.06 and its two-hundred day moving average is $200.74.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 earnings per share. On average, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FI shares. Monness Crespi & Hardt cut Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. Piper Sandler set a $218.00 price objective on shares of Fiserv in a report on Friday, April 25th. Citigroup reduced their target price 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. Wall Street Zen initiated coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $221.23.

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.

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