Fiserv, Inc. (NYSE:FI) Shares Sold by Marble Harbor Investment Counsel LLC

Key Points

• Marble Harbor Investment Counsel LLC reduced its stake in Fiserv, Inc. by 3.9% to hold 172,737 shares, making it the firm's 5th largest position worth $38.15 million.
• Several institutional investors, including Kestra Private Wealth Services and American National Bank & Trust, have increased their stakes in Fiserv, showing continued interest in the company amidst fluctuations.
• Fiserv recently announced quarterly earnings of $2.47 per share, which exceeded analyst expectations, with a year-over-year revenue growth of 8.0%.

Marble Harbor Investment Counsel LLC trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,737 shares of the business services provider's stock after selling 6,966 shares during the quarter. Fiserv accounts for 4.3% of Marble Harbor Investment Counsel LLC's holdings, making the stock its 5th biggest holding. Marble Harbor Investment Counsel LLC's holdings in Fiserv were worth $38,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Kestra Private Wealth Services LLC raised its position in Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after purchasing an additional 230 shares during the last quarter. American National Bank & Trust raised its position in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC bought a new position in Fiserv in the fourth quarter valued at about $54,981,000. Meridian Wealth Advisors LLC increased its stake in shares of Fiserv by 4.1% in the first quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock valued at $5,933,000 after buying an additional 1,046 shares during the period. Finally, Beck Mack & Oliver LLC lifted its stake in shares of Fiserv by 0.5% in the fourth quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock worth $105,463,000 after acquiring an additional 2,589 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value 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 trade represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, 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 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 Down 1.1%

Shares of FI stock traded down $1.47 during mid-day trading on Tuesday, hitting $134.68. The stock had a trading volume of 1,948,324 shares, compared to its average volume of 4,455,388. 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 $73.21 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The firm's 50-day moving average is $162.15 and its two-hundred day moving average is $192.06. 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 issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. On average, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BMO Capital Markets decreased their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Susquehanna reduced their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Robert W. Baird dropped their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Finally, Redburn Atlantic reiterated a "sell" rating and set a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $207.08.

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.