Fiserv, Inc. (NYSE:FI) Stock Holdings Reduced by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 55.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,027 shares of the business services provider's stock after selling 18,954 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Fiserv were worth $3,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its stake in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after acquiring an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after acquiring an additional 44 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after buying an additional 45 shares in the last quarter. Adero Partners LLC raised its holdings in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after buying an additional 55 shares in the last quarter. Finally, Pointe Capital Management LLC raised its holdings in shares of Fiserv by 1.8% in the 4th quarter. Pointe Capital Management LLC now owns 3,158 shares of the business services provider's stock worth $649,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $162.97 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The stock has a 50 day moving average of $177.23 and a 200-day moving average of $201.64. The company has a market capitalization of $90.36 billion, a P/E ratio of 28.79, a P/E/G ratio of 1.01 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last issued 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. The company 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 firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on 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 now directly owns 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale 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 Fiserv stock in a transaction 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 transaction, the insider now directly owns 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on FI. Citigroup decreased their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. Barclays reduced their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Tigress Financial raised their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

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.

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