Compass Capital Management Inc. Reduces Position in Fiserv, Inc. (NYSE:FI)

Compass Capital Management Inc. decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,488 shares of the business services provider's stock after selling 17,249 shares during the quarter. Fiserv comprises approximately 4.2% of Compass Capital Management Inc.'s holdings, making the stock its 4th biggest holding. Compass Capital Management Inc. owned approximately 0.05% of Fiserv worth $63,707,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Norges Bank acquired a new stake in shares of Fiserv in the 4th quarter valued at about $1,406,452,000. GAMMA Investing LLC raised its stake in shares of Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after purchasing an additional 3,804,358 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at about $614,982,000. Kovitz Investment Group Partners LLC raised its stake in shares of Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after purchasing an additional 2,174,025 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Fiserv by 65.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after purchasing an additional 2,153,554 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

Shares of Fiserv stock traded down $5.23 on Friday, hitting $162.79. The company had a trading volume of 3,499,748 shares, compared to its average volume of 3,265,879. The business has a 50-day simple moving average of $181.52 and a 200-day simple moving average of $203.56. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market cap of $90.26 billion, a PE ratio of 30.20, a PEG ratio of 1.52 and a beta of 0.90. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results 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 firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.88 earnings per share. Research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a stock repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently weighed in on FI. Susquehanna dropped their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. UBS Group dropped their price objective on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, Piper Sandler set a $218.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $220.27.

Insider Activity 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 value 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 approximately $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 accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the 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 transaction, the insider now directly 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 disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

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.