Koshinski Asset Management Inc. Boosts Stake in Fiserv, Inc. (NYSE:FI)

Koshinski Asset Management Inc. increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 42.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,624 shares of the business services provider's stock after buying an additional 2,859 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Fiserv were worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vega Investment Solutions bought a new stake in Fiserv in the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the 4th quarter worth about $28,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at about $37,000. Quarry LP boosted its stake 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 in the last quarter. Finally, Knuff & Co LLC purchased a new position in shares of Fiserv during the fourth quarter valued at about $45,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 1.8%

Shares of Fiserv stock traded up $3.10 on Friday, reaching $175.55. The company's stock had a trading volume of 2,211,394 shares, compared to its average volume of 3,352,892. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The firm's fifty day simple moving average is $170.87 and its two-hundred day simple moving average is $199.68. 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 $97.33 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.07 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data 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. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the company earned $1.88 EPS. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FI shares. Susquehanna cut their price objective on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Keefe, Bruyette & Woods dropped their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Finally, The Goldman Sachs Group lowered their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and an average target price of $221.23.

Insider Activity at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the 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 transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction dated 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 directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

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.