Fiserv, Inc. (NYSE:FI) Stock Position Lowered by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 424,840 shares of the business services provider's stock after selling 39,674 shares during the quarter. Fiserv makes up 2.9% of Marathon Asset Management Ltd's investment portfolio, making the stock its 6th biggest holding. Marathon Asset Management Ltd owned approximately 0.08% of Fiserv worth $93,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FI. Jacobi Capital Management LLC lifted its position in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after purchasing an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in 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 buying an additional 44 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Fiserv by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after buying an additional 45 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its position in shares of Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after acquiring an additional 48 shares in the last quarter. Finally, Adero Partners LLC boosted its position in shares of Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on FI. Wall Street Zen assumed coverage on Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Susquehanna cut their price target 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. 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 report on Monday, May 19th. Finally, Citigroup dropped their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Insiders Place Their Bets

In related news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value 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. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Stock Performance

Shares of Fiserv stock traded up $1.11 on Friday, reaching $172.47. 3,934,470 shares of the stock were exchanged, compared to its average volume of 3,339,630. The firm has a market capitalization of $95.62 billion, a PE ratio of 30.47, a PEG ratio of 1.06 and a beta of 0.90. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The business has a fifty day moving average price of $173.34 and a two-hundred day moving average price of $200.54. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

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

Fiserv Company 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.