Fiserv, Inc. (NYSE:FI) Shares Sold by Core Alternative Capital

Core Alternative Capital reduced its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 18.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,423 shares of the business services provider's stock after selling 8,671 shares during the period. Fiserv accounts for about 2.0% of Core Alternative Capital's investment portfolio, making the stock its 10th biggest holding. Core Alternative Capital's holdings in Fiserv were worth $8,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vega Investment Solutions acquired a new position in shares of Fiserv during the fourth quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new position in Fiserv during the 4th quarter worth $28,000. Campbell Capital Management Inc. acquired a new position in Fiserv during the 4th quarter worth $37,000. Quarry LP lifted its holdings in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, Knuff & Co LLC acquired a new stake in Fiserv in the fourth quarter worth about $45,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 owned 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 Fiserv stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FI. JPMorgan Chase & Co. reduced their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Robert W. Baird cut their target price on Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Mizuho set a $200.00 target price on Fiserv in a research report on Thursday, May 15th. UBS Group cut their price objective on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Fiserv Stock Down 1.2%

Shares of FI stock traded down $2.14 during trading on Monday, hitting $173.41. 2,964,194 shares of the company were exchanged, compared to its average volume of 3,358,008. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $96.14 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.08 and a beta of 0.91. The business's 50-day simple moving average is $170.83 and its 200 day simple moving average is $199.45. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month 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 (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. As a group, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Profile

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.