Fiserv, Inc. (NYSE:FI) is Kidder Stephen W's 3rd Largest Position

Kidder Stephen W lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,452 shares of the business services provider's stock after selling 3,141 shares during the quarter. Fiserv accounts for about 4.9% of Kidder Stephen W's holdings, making the stock its 3rd biggest position. Kidder Stephen W's holdings in Fiserv were worth $15,779,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vega Investment Solutions purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $28,000. Abound Financial LLC purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $38,000. Quarry LP boosted its stake in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after acquiring an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 1.4%

Shares of NYSE FI traded up $1.92 during trading on Friday, hitting $142.00. 7,781,444 shares of the company traded hands, compared to its average volume of 5,455,337. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The company has a 50-day moving average price of $165.03 and a 200-day moving average price of $194.95. The firm has a market capitalization of $78.73 billion, a P/E ratio of 23.71, a P/E/G ratio of 0.86 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the previous year, the company earned $2.13 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insiders Place Their Bets

In related news, insider Adam L. Rosman sold 2,512 shares of the company's 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. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on FI. Piper Sandler set a $218.00 price target on Fiserv in a research note on Friday, April 25th. Barclays cut their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Truist Financial lifted their price objective on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods cut their price objective 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, Tigress Financial lifted their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.54.

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.