Verdence Capital Advisors LLC Sells 4,845 Shares of Fiserv, Inc. (NYSE:FI)

Verdence Capital Advisors LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,357 shares of the business services provider's stock after selling 4,845 shares during the period. Verdence Capital Advisors LLC's holdings in Fiserv were worth $8,249,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Fiserv by 91.9% in 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 in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Fiserv by 48.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock valued at $485,000 after buying an additional 775 shares during the period. Parallel Advisors LLC increased its position in Fiserv by 5.3% in the 4th quarter. Parallel Advisors LLC now owns 6,129 shares of the business services provider's stock valued at $1,259,000 after buying an additional 310 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Fiserv by 22.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 233,329 shares of the business services provider's stock worth $48,201,000 after buying an additional 42,706 shares during the period. Finally, Horizon Investments LLC raised its stake in Fiserv by 1.0% during the 4th quarter. Horizon Investments LLC now owns 7,906 shares of the business services provider's stock worth $1,624,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of FI stock traded down $1.57 during trading hours on Friday, hitting $165.78. 3,993,573 shares of the company were exchanged, compared to its average volume of 3,426,081. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $91.91 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 1.01 and a beta of 0.91. The firm has a fifty day simple moving average of $168.12 and a 200 day simple moving average of $197.10. Fiserv, Inc. has a 52-week low of $154.17 and a 52-week high of $238.59.

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 analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.88 earnings per share. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the business'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 sale, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 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. Company insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on FI. Redburn Atlantic restated a "sell" rating and set a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Robert W. Baird reduced their price target on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a report on Friday, April 25th. Tigress Financial lifted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Susquehanna decreased their target price on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $220.59.

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.