Fiserv, Inc. (NYSE:FI) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,487 shares of the business services provider's stock after selling 6,061 shares during the quarter. Fiserv makes up about 4.5% of Hemenway Trust Co LLC's holdings, making the stock its 3rd biggest holding. Hemenway Trust Co LLC's holdings in Fiserv were worth $55,094,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $1,406,452,000. GAMMA Investing LLC lifted its position in shares of Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after buying an additional 3,804,358 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $614,982,000. Kovitz Investment Group Partners LLC lifted its position in shares of Fiserv by 343.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after buying an additional 2,174,025 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after buying an additional 2,153,554 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated 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 now directly owns 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the company'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 transaction, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Price Performance

Shares of NYSE FI traded up $1.61 during trading on Friday, hitting $162.97. 8,513,492 shares of the company were exchanged, compared to its average volume of 3,289,714. The company has a market cap of $90.36 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.01 and a beta of 0.90. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59. The firm's fifty day moving average price is $177.23 and its 200 day moving average price is $201.64. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the firm earned $1.88 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. 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 report on Monday, April 28th. The Goldman Sachs Group reduced their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a report on Wednesday, April 9th. Piper Sandler set a $218.00 target price on shares of Fiserv in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $221.23.

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.