Forsta AP Fonden Increases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Key Points

• Forsta AP Fonden increased its ownership in Fiserv, Inc. by 4.6%, acquiring an additional 6,400 shares, bringing its total to 145,900 shares valued at approximately $32.2 million.
• Recent insider trading activity includes EVP Andrew Gelb selling 5,652 shares at $160.00 each, resulting in an 18.21% decrease in his ownership.
• Fiserv's stock is currently down 1.1%, trading at $132.54, with a market cap of $72.05 billion and a P/E ratio of 22.13.

Forsta AP Fonden increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,900 shares of the business services provider's stock after buying an additional 6,400 shares during the quarter. Forsta AP Fonden's holdings in Fiserv were worth $32,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FI. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares in the last quarter. Rappaport Reiches Capital Management LLC boosted its holdings in shares of Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares in the last quarter. Adero Partners LLC lifted 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 purchasing an additional 55 shares in the last quarter. Oakworth Capital Inc. grew its position in Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after purchasing an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the firm's 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 transaction, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FI shares. Truist Financial upped their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Susquehanna lowered their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a report on Thursday, July 24th. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. UBS Group lowered their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $207.08.

Fiserv Price Performance

Shares of FI traded up $0.09 during trading hours on Tuesday, reaching $132.31. 1,345,033 shares of the company's stock traded hands, compared to its average volume of 4,469,280. 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. The stock has a market cap of $71.92 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The firm's 50 day simple moving average is $159.40 and its 200-day simple moving average is $189.43.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Fiserv's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Equities analysts expect 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.