Mutual of America Capital Management LLC Sells 1,992 Shares of Fiserv, Inc. (NYSE:FI)

Mutual of America Capital Management LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,164 shares of the business services provider's stock after selling 1,992 shares during the period. Mutual of America Capital Management LLC's holdings in Fiserv were worth $14,611,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vega Investment Solutions acquired a new position in shares of Fiserv during the 4th quarter worth about $25,000. Park Square Financial Group LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $28,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $37,000. Abound Financial LLC acquired a new position in shares of Fiserv during the 1st quarter worth about $38,000. Finally, 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 buying an additional 70 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group cut their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Wall Street Zen assumed coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. Citigroup cut their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a research note on Friday, April 25th. Two investment 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 issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Stock Performance

Shares of FI traded down $4.49 during mid-day trading on Friday, hitting $165.21. 6,293,974 shares of the company's stock were exchanged, compared to its average volume of 3,396,508. Fiserv, Inc. has a 52 week low of $153.77 and a 52 week high of $238.59. The stock's 50-day simple moving average is $169.52 and its 200-day simple moving average is $198.19. The firm has a market cap of $91.60 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

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

Insider Buying and Selling

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred 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 transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred 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 transaction, the insider directly owned 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 disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

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.