Fiserv, Inc. (NYSE:FI) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Fiserv, Inc. by 13.3% during the first quarter, after selling 14,300 shares, now holding 92,983 shares worth approximately $20.5 million.
• Wall Street analysts have varied opinions on Fiserv, with 23 "buy" ratings and a current average price target of $207.08, though some analysts have lowered their targets recently.
• Insider sales were noted, with Adam L. Rosman selling 2,512 shares and Andrew Gelb selling 5,652 shares, representing a 4.49% and 18.21% decrease in their respective ownership stakes.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,983 shares of the business services provider's stock after selling 14,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Fiserv were worth $20,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. SageView Advisory Group LLC grew its holdings in shares of Fiserv by 10.8% during the fourth quarter. SageView Advisory Group LLC now owns 1,536 shares of the business services provider's stock valued at $316,000 after purchasing an additional 150 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Fiserv by 13.6% during the fourth quarter. CreativeOne Wealth LLC now owns 10,326 shares of the business services provider's stock valued at $2,121,000 after purchasing an additional 1,238 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Fiserv during the fourth quarter valued at approximately $817,000. Finally, Jump Financial LLC grew its holdings in shares of Fiserv by 116.0% during the fourth quarter. Jump Financial LLC now owns 8,148 shares of the business services provider's stock valued at $1,674,000 after purchasing an additional 4,375 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets lowered their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Mizuho decreased their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Tigress Financial increased their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Keefe, Bruyette & Woods cut their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $207.08.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated 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 directly owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Fiserv Trading Up 1.5%

NYSE FI opened at $134.24 on Thursday. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $72.97 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The firm's fifty day simple moving average is $158.20 and its 200-day simple moving average is $188.66.

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

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