MassMutual Private Wealth & Trust FSB Has $28.82 Million Holdings in Fiserv, Inc. (NYSE:FI)

MassMutual Private Wealth & Trust FSB lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,496 shares of the business services provider's stock after selling 5,073 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Fiserv were worth $28,817,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FI. Vega Investment Solutions acquired a new stake in Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new stake in Fiserv in the 4th quarter valued at $28,000. Valley National Advisers Inc. acquired a new position in Fiserv in the 4th quarter valued at $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the 4th quarter valued at $29,000. Finally, Compass Financial Services Inc bought a new position in shares of Fiserv in the 4th quarter valued at $31,000. 90.98% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 transaction of $403,628.16. Following the transaction, the insider now owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the business'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 now owns 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Trading Up 1.7%

NYSE:FI traded up $2.78 during midday trading on Friday, hitting $162.40. 11,957,533 shares of the company traded hands, compared to its average volume of 3,177,229. The firm has a market capitalization of $90.04 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.52 and a beta of 0.97. The firm's fifty day moving average is $191.13 and its 200-day moving average is $207.19. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.88 earnings per share. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has approved a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have commented on FI. Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price target (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Susquehanna reduced their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. Jefferies Financial Group cut their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a research note on Wednesday, April 9th. Finally, Stephens increased their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $221.84.

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.