Hohimer Wealth Management LLC Sells 19,832 Shares of Fiserv, Inc. (NYSE:FI)

Hohimer Wealth Management LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 95.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 998 shares of the business services provider's stock after selling 19,832 shares during the quarter. Hohimer Wealth Management LLC's holdings in Fiserv were worth $220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $1,406,452,000. GAMMA Investing LLC lifted its stake in shares of Fiserv by 21,681.0% during the first 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. Kovitz Investment Group Partners LLC lifted its stake in shares of 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 valued at $576,527,000 after buying an additional 2,174,025 shares during the period. Alliancebernstein L.P. lifted its stake in shares of 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 buying an additional 2,153,554 shares during the period. Finally, FMR LLC lifted its stake in shares of Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after buying an additional 2,126,419 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE:FI traded up $1.23 during mid-day trading on Wednesday, hitting $165.65. The stock had a trading volume of 3,564,629 shares, compared to its average volume of 3,414,297. Fiserv, Inc. has a 52 week low of $154.17 and a 52 week high of $238.59. The stock has a market capitalization of $91.84 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 1.00 and a beta of 0.91. The company has a 50 day simple moving average of $168.40 and a 200-day simple moving average of $197.37. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

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

Insider Activity at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred on 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 sale, the insider owned 53,385 shares of the company's stock, valued at $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. Company insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. Susquehanna reduced their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and set a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Mizuho set a $200.00 price objective on shares of Fiserv in a research report on Thursday, May 15th. Finally, Barclays dropped 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.