Gulf International Bank UK Ltd Decreases Stake in Fiserv, Inc. (NYSE:FI)

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Fiserv, Inc. by 30.4% during the first quarter, now holding 32,589 shares valued at approximately $7.2 million.
• Several large investors, including National Pension Service and Prudential PLC, have increased their holdings in Fiserv, indicating ongoing interest from institutional investors.
• Fiserv reported earnings per share of $2.47 for the last quarter, exceeding analyst expectations, with a noteworthy quarterly revenue growth of 8% year-over-year.

Gulf International Bank UK Ltd lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 32,589 shares of the business services provider's stock after selling 14,253 shares during the quarter. Gulf International Bank UK Ltd's holdings in Fiserv were worth $7,196,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. National Pension Service increased its holdings in Fiserv by 1.6% in the 1st quarter. National Pension Service now owns 1,052,729 shares of the business services provider's stock worth $232,474,000 after acquiring an additional 16,741 shares during the last quarter. LGT Group Foundation increased its holdings in Fiserv by 63.1% in the 1st quarter. LGT Group Foundation now owns 5,836 shares of the business services provider's stock worth $1,289,000 after acquiring an additional 2,257 shares during the last quarter. Thomas Story & Son LLC increased its holdings in Fiserv by 3.3% in the 1st quarter. Thomas Story & Son LLC now owns 47,497 shares of the business services provider's stock worth $10,489,000 after acquiring an additional 1,527 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Fiserv by 1.0% during the 1st quarter. Russell Investments Group Ltd. now owns 437,759 shares of the business services provider's stock valued at $96,420,000 after buying an additional 4,319 shares in the last quarter. Finally, Prudential PLC grew its holdings in Fiserv by 130.4% during the 1st quarter. Prudential PLC now owns 30,091 shares of the business services provider's stock valued at $6,645,000 after buying an additional 17,028 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on FI shares. Stephens reduced their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their price objective on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Royal Bank Of Canada set a $237.00 price objective on Fiserv in a report on Friday, April 25th. Citigroup cut their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Fiserv Price Performance

Shares of Fiserv stock opened at $132.20 on Wednesday. The stock has a market cap of $71.86 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $158.80 and a 200-day moving average price of $189.03. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on 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 sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently 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.

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