Keeler Thomas Management LLC Sells 5,993 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• Keeler Thomas Management LLC reduced its stake in Fiserv, Inc. by 24.3%, ending the first quarter with 18,623 shares valued at approximately $4.1 million, making it the firm’s 15th largest position.
• Other institutional investors like Charles Schwab Investment Management and Citizens Financial Group also adjusted their holdings in Fiserv during the same period, indicating active interest from various funds.
• Fiserv reported a 10.23 EPS for the current fiscal year, surpassing the prior year's $2.13 EPS, with a revenue increase of 8.0% year-over-year.

Keeler Thomas Management LLC decreased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,623 shares of the business services provider's stock after selling 5,993 shares during the quarter. Fiserv comprises about 2.0% of Keeler Thomas Management LLC's portfolio, making the stock its 15th biggest holding. Keeler Thomas Management LLC's holdings in Fiserv were worth $4,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FI. Vega Investment Solutions acquired a new position in Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the 4th quarter valued at $28,000. Abound Financial LLC acquired a new position in Fiserv in the 1st quarter valued at $38,000. Quarry LP grew its holdings in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Fiserv in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 53,385 shares in the company, valued at approximately $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. Corporate insiders own 0.75% of the company's stock.

Fiserv Stock Performance

Shares of FI traded down $1.12 during trading hours on Monday, hitting $132.13. The stock had a trading volume of 1,202,400 shares, compared to its average volume of 4,474,358. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The firm has a market capitalization of $71.82 billion, a PE ratio of 22.07, a PEG ratio of 0.87 and a beta of 0.91. The stock has a fifty day moving average price of $159.99 and a 200 day moving average price of $189.97.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. Fiserv's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FI shares. Tigress Financial increased their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 target price on the stock. Stephens reduced their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. reduced their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $207.08.

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.