Fiserv, Inc. (NYSE:FI) Stake Cut by Focused Investors LLC

Focused Investors LLC decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,196,650 shares of the business services provider's stock after selling 35,900 shares during the period. Fiserv accounts for approximately 8.5% of Focused Investors LLC's holdings, making the stock its biggest holding. Focused Investors LLC owned 0.21% of Fiserv worth $264,256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FI. Vega Investment Solutions purchased a new stake in Fiserv in the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv in the 4th quarter worth about $28,000. Abound Financial LLC purchased a new position in shares of Fiserv during the first quarter worth approximately $38,000. Quarry LP increased its position in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after acquiring an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Fiserv during the fourth quarter worth approximately $54,000. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

NYSE FI traded down $2.47 during trading hours on Tuesday, hitting $164.53. 4,375,732 shares of the company's stock traded hands, compared to its average volume of 3,409,088. Fiserv, Inc. has a 52-week low of $154.17 and a 52-week high of $238.59. The company has a market capitalization of $91.22 billion, a PE ratio of 29.07, a PEG ratio of 1.02 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm's 50-day moving average is $169.15 and its 200-day moving average is $197.82.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the prior year, the company posted $1.88 EPS. The business's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FI shares. BMO Capital Markets cut their price objective on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. UBS Group cut their price objective on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a report on Friday, April 25th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a report on Wednesday, April 9th. Finally, Susquehanna lowered their target price on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $221.23.

Insider Activity at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the 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 directly owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares in the company, valued at approximately $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. Corporate insiders own 0.75% of the company's stock.

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.