Fiserv, Inc. (NYSE:FI) Shares Sold by GAM Holding AG

GAM Holding AG lowered its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,463 shares of the business services provider's stock after selling 6,408 shares during the quarter. Fiserv makes up 1.7% of GAM Holding AG's holdings, making the stock its 11th largest position. GAM Holding AG's holdings in Fiserv were worth $21,964,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FI. LaFleur & Godfrey LLC raised its position in Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC raised its position in shares of Fiserv by 91.9% during the 4th 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 last quarter. Union Bancaire Privee UBP SA purchased a new position in Fiserv in the 4th quarter valued at about $11,330,000. Atria Wealth Solutions Inc. increased its stake in Fiserv by 10.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 20,152 shares of the business services provider's stock worth $4,140,000 after buying an additional 1,893 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 1.3%

Shares of NYSE FI traded up $2.24 during midday trading on Tuesday, hitting $172.78. The company's stock had a trading volume of 6,877,579 shares, compared to its average volume of 3,319,484. 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 has a market capitalization of $95.80 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90. The business's fifty day simple moving average is $176.40 and its two-hundred day simple moving average is $201.36. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS 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 company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter last year, the company posted $1.88 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FI. Mizuho set a $200.00 price target on Fiserv in a research note on Thursday, May 15th. UBS Group lowered their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. BMO Capital Markets reduced their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Tigress Financial boosted their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Citigroup cut their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Insiders Place Their Bets

In other news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction 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 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 SEC, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred 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 now owns 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

About Fiserv

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.