Harvey Capital Management Inc. Has $1.74 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Harvey Capital Management Inc. decreased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,870 shares of the business services provider's stock after selling 3,650 shares during the period. Harvey Capital Management Inc.'s holdings in Fiserv were worth $1,738,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FI. Brighton Jones LLC lifted its holdings in 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 acquiring an additional 2,033 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Fiserv by 48.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock valued at $485,000 after buying an additional 775 shares during the last quarter. Edgestream Partners L.P. raised its holdings in shares of Fiserv by 100.1% during the fourth quarter. Edgestream Partners L.P. now owns 6,087 shares of the business services provider's stock valued at $1,250,000 after buying an additional 3,045 shares during the last quarter. Personal CFO Solutions LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $241,000. Finally, AlphaQuest LLC raised its holdings in shares of Fiserv by 120.9% during the fourth quarter. AlphaQuest LLC now owns 1,610 shares of the business services provider's stock valued at $331,000 after buying an additional 881 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered 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. Redburn Atlantic restated a "sell" rating and issued a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Robert W. Baird decreased their price target on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 18th. Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a research report on Friday, April 25th. Finally, UBS Group decreased their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Two equities research 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $221.23.

Insider Buying and Selling at Fiserv

In related 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 value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This trade 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 insiders.

Fiserv Stock Down 2.6%

Shares of NYSE:FI traded down $4.49 during trading on Friday, reaching $165.21. 6,293,974 shares of the company traded hands, compared to its average volume of 3,393,552. The firm has a fifty day simple moving average of $169.52 and a 200 day simple moving average of $198.27. The firm has a market cap of $91.60 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $151.59 and a 1-year high of $238.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.