Graphene Investments SAS Reduces Position in Fiserv, Inc. (NYSE:FI)

Graphene Investments SAS decreased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 15.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the business services provider's stock after selling 2,200 shares during the quarter. Fiserv comprises 2.0% of Graphene Investments SAS's holdings, making the stock its 28th biggest position. Graphene Investments SAS's holdings in Fiserv were worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in FI. Norges Bank acquired a new position in Fiserv during the fourth quarter valued at $1,406,452,000. GAMMA Investing LLC lifted its holdings in shares of Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after buying an additional 3,804,358 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Fiserv in the fourth quarter worth about $614,982,000. Kovitz Investment Group Partners LLC grew its holdings in Fiserv by 343.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after acquiring an additional 2,174,025 shares during the period. Finally, Alliancebernstein L.P. raised its position in Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Stock Up 0.6%

FI stock opened at $171.45 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average of $174.06 and a two-hundred day moving average of $200.74. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The company has a market cap of $95.06 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last posted 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 return on equity of 18.74% and a net margin of 15.68%. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Citigroup dropped their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wall Street Zen began coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Morgan Stanley restated an "overweight" rating and set a $268.00 target price (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Finally, Truist Financial assumed coverage on Fiserv in a research note on Monday, June 2nd. They issued a "buy" rating and a $181.00 price target for the company. Two 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $221.23.

Fiserv Company 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.

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