Fiserv, Inc. (NYSE:FI) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lessened its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 37.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,313 shares of the business services provider's stock after selling 1,999 shares during the quarter. Whittier Trust Co.'s holdings in Fiserv were worth $732,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FI. Brighton Jones LLC increased its position in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Fiserv by 48.9% in the fourth 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 last quarter. Thrivent Financial for Lutherans boosted its stake in Fiserv by 22.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 233,329 shares of the business services provider's stock valued at $48,201,000 after acquiring an additional 42,706 shares during the period. Horizon Investments LLC boosted its stake in Fiserv by 1.0% in the fourth quarter. Horizon Investments LLC now owns 7,906 shares of the business services provider's stock valued at $1,624,000 after acquiring an additional 77 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in Fiserv by 17.8% in the fourth quarter. Teacher Retirement System of Texas now owns 182,010 shares of the business services provider's stock valued at $37,388,000 after acquiring an additional 27,478 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

FI has been the subject of a number of recent research reports. Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price objective (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research report on Thursday. They issued a "buy" rating and a $200.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Susquehanna decreased 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. Finally, Tigress Financial increased their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $220.59.

Fiserv Stock Performance

Shares of Fiserv stock opened at $167.30 on Friday. Fiserv, Inc. has a 52 week low of $154.17 and a 52 week high of $238.59. The business's fifty day simple moving average is $168.12 and its 200-day simple moving average is $197.10. The firm has a market cap of $92.75 billion, a PE ratio of 29.56, 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 earnings per share (EPS) 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 firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the prior year, the firm earned $1.88 EPS. The business's revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

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.

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