KBC Group NV Boosts Stock Holdings in Fiserv, Inc. (NYSE:FI)

KBC Group NV lifted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 397,890 shares of the business services provider's stock after buying an additional 3,719 shares during the period. KBC Group NV owned approximately 0.07% of Fiserv worth $87,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jacobi Capital Management LLC raised 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 during the period. T. Rowe Price Investment Management Inc. raised 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 during the period. Parkside Financial Bank & Trust raised 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 during the period. Rappaport Reiches Capital Management LLC raised 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 during the period. Finally, Adero Partners LLC raised 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 during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI traded up $1.11 during mid-day trading on Friday, reaching $172.47. 3,934,470 shares of the stock traded hands, compared to its average volume of 3,337,275. The firm has a fifty day moving average price of $173.34 and a 200 day moving average price of $200.51. The company has a market cap of $95.62 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. 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 1 year low of $146.46 and a 1 year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (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 company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president now owns 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FI has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. Redburn Atlantic reissued a "sell" rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Piper Sandler set a $218.00 target price on shares of Fiserv in a report on Friday, April 25th. Finally, Citigroup lowered their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Fiserv 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.