Forsta AP Fonden Has $32.22 Million 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 grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of 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 buying an additional 44 shares during the last quarter. Rappaport Reiches Capital Management LLC grew its position in shares of Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after buying an additional 48 shares during the last quarter. Adero Partners LLC raised its stake in Fiserv by 2.3% during the first 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 during the last quarter. Oakworth Capital Inc. lifted its stake in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after buying an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after buying 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 at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the business'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 completion of the sale, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Fiserv Price Performance

NYSE FI traded up $0.40 on Friday, reaching $133.10. 3,927,627 shares of the stock traded hands, compared to its average volume of 7,009,811. The company has a market cap of $72.35 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 0.87 and a beta of 0.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm's fifty day simple moving average is $159.99 and its 200 day simple moving average is $190.08. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter last year, the firm posted $2.13 earnings per share. Fiserv's revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FI shares. KeyCorp dropped their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Piper Sandler set a $218.00 price target on Fiserv in a research note on Friday, April 25th. Keefe, Bruyette & Woods lowered their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective on the stock. Finally, Stephens dropped their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $207.08.

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.