Fiserv, Inc. (NYSE:FI) Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 11.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,944 shares of the business services provider's stock after selling 3,832 shares during the period. Fiserv accounts for 1.3% of Hudson Edge Investment Partners Inc.'s investment portfolio, making the stock its 19th largest position. Hudson Edge Investment Partners Inc.'s holdings in Fiserv were worth $6,613,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. American National Bank & Trust increased its stake in Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after acquiring an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC purchased a new position in shares of Fiserv during the 4th quarter worth $54,981,000. Fairfield Financial Advisors LTD purchased a new position in shares of Fiserv during the 4th quarter worth $127,000. M&T Bank Corp increased its position in shares of Fiserv by 0.9% during the 4th quarter. M&T Bank Corp now owns 141,654 shares of the business services provider's stock worth $29,099,000 after purchasing an additional 1,194 shares during the last quarter. Finally, Norges Bank purchased a new stake in Fiserv in the 4th quarter valued at about $1,406,452,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the business'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 owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 sale, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Stock Up 1.8%

Shares of FI stock traded up $3.10 on Thursday, reaching $175.55. 2,211,394 shares of the stock were exchanged, compared to its average volume of 3,344,086. The company has a market capitalization of $97.33 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.07 and a beta of 0.91. The business's 50 day moving average price is $170.89 and its 200 day moving average price is $199.87. 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, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FI. Redburn Atlantic reaffirmed a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a report on Friday, April 25th. Citigroup dropped their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group cut their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Finally, Truist Financial initiated coverage on Fiserv in a research report on Monday, June 2nd. They set a "buy" rating and a $181.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.