SlateStone Wealth LLC Purchases 2,000 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• SlateStone Wealth LLC increased its stake in Fiserv, Inc. by 46.4% in Q1, holding 6,308 shares worth approximately $1.39 million.
• Major institutional investors are actively adjusting their positions in Fiserv, with 90.98% of the stock owned by such entities.
• Wall Street analysts are optimistic about Fiserv, with target prices ranging from $175.00 to $207.08 and an overall rating of "Moderate Buy."

SlateStone Wealth LLC grew its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 46.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,308 shares of the business services provider's stock after acquiring an additional 2,000 shares during the period. SlateStone Wealth LLC's holdings in Fiserv were worth $1,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Vega Investment Solutions purchased a new stake in Fiserv during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv during the 4th quarter worth approximately $28,000. Abound Financial LLC acquired a new position in Fiserv during the 1st quarter worth approximately $38,000. Quarry LP grew its holdings in 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 acquiring an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Fiserv during the 4th quarter worth approximately $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. Stephens lowered their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Morgan Stanley lowered their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price for the company. Finally, Tigress Financial upped their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.08.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was 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 in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president 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 disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

Fiserv Trading Down 2.6%

Fiserv stock traded down $3.60 during mid-day trading on Friday, hitting $135.34. The stock had a trading volume of 5,449,415 shares, compared to its average volume of 6,346,013. The stock has a 50-day simple moving average of $162.62 and a two-hundred day simple moving average of $192.74. The stock has a market capitalization of $73.57 billion, a PE ratio of 22.59, a P/E/G ratio of 0.90 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the firm earned $2.13 EPS. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.