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 lowered its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 24.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,623 shares of the business services provider's stock after selling 5,993 shares during the period. Fiserv makes up 2.0% of Keeler Thomas Management LLC's portfolio, making the stock its 15th biggest position. Keeler Thomas Management LLC's holdings in Fiserv were worth $4,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Vega Investment Solutions acquired 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 fourth quarter worth $28,000. Abound Financial LLC acquired a new stake in Fiserv during the first quarter valued at $38,000. Quarry LP grew its stake in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Fiserv in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

FI stock traded up $0.40 on Friday, reaching $133.10. 3,927,627 shares of the company were exchanged, compared to its average volume of 7,009,811. The firm has a market capitalization of $72.35 billion, a PE ratio of 22.22, a PEG ratio of 0.86 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The stock's fifty day moving average price is $159.99 and its 200 day moving average price is $190.21. 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 (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. 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 prior year, the business earned $2.13 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction on 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 transaction, the executive vice president directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FI shares. Royal Bank Of Canada set a $237.00 price target on Fiserv in a report on Friday, April 25th. Citigroup reduced their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods dropped their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Stephens cut their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, Jefferies Financial Group decreased their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv currently has a consensus 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.