Buckhead Capital Management LLC Has $7.15 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Buckhead Capital Management LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,391 shares of the business services provider's stock after selling 3,355 shares during the period. Fiserv comprises approximately 2.3% of Buckhead Capital Management LLC's portfolio, making the stock its 9th largest position. Buckhead Capital Management LLC's holdings in Fiserv were worth $7,153,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings 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 purchasing an additional 2,033 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Fiserv by 48.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock worth $485,000 after purchasing an additional 775 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Fiserv by 17.8% during the fourth quarter. Teacher Retirement System of Texas now owns 182,010 shares of the business services provider's stock worth $37,388,000 after purchasing an additional 27,478 shares during the period. Whittier Trust Co. boosted its holdings in shares of Fiserv by 2.4% during the fourth quarter. Whittier Trust Co. now owns 5,312 shares of the business services provider's stock worth $1,091,000 after purchasing an additional 125 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Fiserv by 35.4% during the fourth quarter. TD Private Client Wealth LLC now owns 4,440 shares of the business services provider's stock worth $912,000 after purchasing an additional 1,160 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FI has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. UBS Group lowered their price objective on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. JPMorgan Chase & Co. lowered 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. Mizuho set a $200.00 price objective on shares of Fiserv in a report on Thursday, May 15th. Finally, Truist Financial raised their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, one has assigned 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.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $220.59.

Insiders Place Their Bets

In related 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 transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were 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 disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Stock Performance

Shares of Fiserv stock traded down $1.57 on Friday, hitting $165.78. 3,993,573 shares of the company's stock were exchanged, compared to its average volume of 3,431,126. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv, Inc. has a 1 year low of $154.17 and a 1 year high of $238.59. The company has a 50-day simple moving average of $167.76 and a 200-day simple moving average of $196.83. The stock has a market capitalization of $91.91 billion, a PE ratio of 29.29, a PEG ratio of 1.01 and a beta of 0.91.

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 for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the previous year, the company earned $1.88 EPS. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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.