J. L. Bainbridge & Co. Inc. Sells 2,795 Shares of Fiserv, Inc. (NYSE:FI)

J. L. Bainbridge & Co. Inc. lessened its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,210 shares of the business services provider's stock after selling 2,795 shares during the quarter. Fiserv makes up about 5.0% of J. L. Bainbridge & Co. Inc.'s portfolio, making the stock its 3rd biggest position. J. L. Bainbridge & Co. Inc.'s holdings in Fiserv were worth $49,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vega Investment Solutions purchased a new stake in shares of Fiserv during the 4th quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Campbell Capital Management Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $37,000. Quarry LP lifted its holdings in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $45,000. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of Fiserv stock traded up $1.11 on Friday, reaching $172.47. The company's stock had a trading volume of 3,934,470 shares, compared to its average volume of 3,339,630. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $95.62 billion, a P/E ratio of 30.47, a PEG ratio of 1.06 and a beta of 0.90. The stock has a 50-day moving average price of $173.34 and a 200-day moving average price of $200.54. Fiserv, Inc. has a 52-week low of $146.46 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results 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. 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 firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 EPS. Analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was 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.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FI. BMO Capital Markets reduced their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Barclays reduced their target price on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Tigress Financial raised their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group reduced their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Two 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $221.23.

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.