Great Valley Advisor Group Inc. Has $15.96 Million Holdings in Fiserv, Inc. (NYSE:FI)

Great Valley Advisor Group Inc. lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,674 shares of the business services provider's stock after selling 2,204 shares during the period. Great Valley Advisor Group Inc.'s holdings in Fiserv were worth $15,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter valued at about $25,000. Valley National Advisers Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Finally, Campbell Capital Management Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $37,000. 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 shares were sold at an average price of $160.00, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the firm'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 transaction, the insider now directly owns 53,385 shares of the company's stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FI shares. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. UBS Group cut their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Barclays reduced their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $221.84.

Fiserv Stock Performance

FI stock traded down $1.41 during midday trading on Thursday, hitting $159.33. 8,233,576 shares of the company traded hands, compared to its average volume of 3,133,024. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business has a 50 day simple moving average of $193.59 and a 200-day simple moving average of $207.93. The stock has a market capitalization of $88.34 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last announced 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 17.93% and a net margin of 15.31%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the company posted $1.88 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.