Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Sells 99,577 Shares of Fiserv, Inc. (NYSE:FI)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 77.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,423 shares of the business services provider's stock after selling 99,577 shares during the period. Fiserv accounts for approximately 1.3% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 22nd biggest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Fiserv were worth $6,497,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vega Investment Solutions purchased a new position in shares of Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the 4th quarter worth $28,000. Abound Financial LLC acquired a new stake in shares of Fiserv during the first quarter valued at about $38,000. Quarry LP raised its position in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at $54,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI traded up $0.46 during mid-day trading on Tuesday, hitting $165.92. The company's stock had a trading volume of 4,726,117 shares, compared to its average volume of 3,447,498. The stock has a market capitalization of $91.99 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.02 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $154.17 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day moving average price of $167.76 and a 200 day moving average price of $196.70.

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

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on 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 directly owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FI. Truist Financial increased their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. The Goldman Sachs Group lowered their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Tigress Financial increased their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price for the company. Finally, Redburn Atlantic reissued a "sell" rating and set a $150.00 price target on shares of Fiserv in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $220.52.

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.