Jag Capital Management LLC Lowers Holdings in Fiserv, Inc. (NYSE:FI)

Jag Capital Management LLC decreased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,513 shares of the business services provider's stock after selling 1,674 shares during the quarter. Jag Capital Management LLC's holdings in Fiserv were worth $5,192,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Jacobi Capital Management LLC increased its holdings in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after purchasing an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after purchasing an additional 44 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its holdings in shares of Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after purchasing an additional 48 shares in the last quarter. Finally, Adero Partners LLC increased its holdings in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $172.47 on Friday. The stock's 50-day simple moving average is $173.34 and its 200-day simple moving average is $200.54. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The company has a market capitalization of $95.62 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.06 and a beta of 0.90. 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 announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FI shares. UBS Group reduced their target price on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. JPMorgan Chase & Co. cut their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Mizuho set a $200.00 price objective on Fiserv in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, one has assigned 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 a consensus price target of $221.23.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of the business's 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 sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the business's 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 completion of the sale, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% 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.

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.

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