Generate Investment Management Ltd Sells 76,768 Shares of Fiserv, Inc. (NYSE:FI)

Generate Investment Management Ltd cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 66.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,975 shares of the business services provider's stock after selling 76,768 shares during the period. Generate Investment Management Ltd's holdings in Fiserv were worth $8,386,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. LaFleur & Godfrey LLC lifted its holdings in Fiserv by 0.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC boosted its holdings in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after buying an additional 2,033 shares during the last quarter. IFP Advisors Inc grew its position in Fiserv by 3.0% during the fourth quarter. IFP Advisors Inc now owns 7,642 shares of the business services provider's stock valued at $1,570,000 after buying an additional 224 shares during the period. Prasad Wealth Partners LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $891,000. Finally, Bank of New York Mellon Corp increased its holdings in Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider's stock valued at $762,328,000 after buying an additional 164,949 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FI. UBS Group reduced their price objective on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Monness Crespi & Hardt cut Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a research report on Wednesday, April 9th. Wall Street Zen initiated coverage on shares of Fiserv in a report on Sunday, March 23rd. They set a "buy" rating on the stock. Jefferies Financial Group reduced their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Finally, Redburn Atlantic restated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $221.23.

Fiserv Trading Up 0.6%

NYSE:FI traded up $1.09 during midday trading on Thursday, hitting $171.45. 3,051,052 shares of the company traded hands, compared to its average volume of 3,333,212. The firm has a market capitalization of $95.06 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.06 and a beta of 0.90. The firm's fifty day moving average is $174.80 and its 200-day moving average is $200.95. Fiserv, Inc. has a 12-month low of $146.46 and a 12-month high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

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, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the company earned $1.88 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm'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 now owns 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business'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 completion of the sale, the insider now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

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.