Fiserv, Inc. (NYSE:FI) Stock Holdings Cut by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its stake in Fiserv, Inc. by 15.5%, now holding 45,553 shares worth approximately $10.06 million.
• Despite the decrease in Mizuho's holdings, institutional investors own 90.98% of Fiserv, with JPMorgan Chase & Co. increasing its stake by 77.2% during the same quarter.
• Fiserv reported an earnings per share (EPS) of $2.47 for the last quarter, surpassing the consensus estimate, with an 8% revenue increase year-over-year.

Mizuho Securities USA LLC reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,553 shares of the business services provider's stock after selling 8,368 shares during the quarter. Mizuho Securities USA LLC's holdings in Fiserv were worth $10,059,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the period. Scotia Capital Inc. grew its stake in Fiserv by 24.6% in the 4th quarter. Scotia Capital Inc. now owns 16,283 shares of the business services provider's stock worth $3,345,000 after acquiring an additional 3,215 shares during the period. First Foundation Advisors purchased a new stake in Fiserv in the 4th quarter worth approximately $211,000. Heritage Trust Co purchased a new stake in Fiserv in the 4th quarter worth approximately $8,612,000. Finally, Act Two Investors LLC grew its stake in Fiserv by 813.0% in the 4th quarter. Act Two Investors LLC now owns 81,199 shares of the business services provider's stock worth $16,680,000 after acquiring an additional 72,305 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Tigress Financial lifted their target price on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley lowered their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Citigroup lowered their price objective 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. Finally, The Goldman Sachs Group lowered their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Stock Down 0.7%

Shares of Fiserv stock traded down $0.93 during trading hours on Monday, hitting $132.31. 3,477,104 shares of the company's stock traded hands, compared to its average volume of 6,891,490. The company has a market cap of $71.92 billion, a PE ratio of 22.09, a PEG ratio of 0.87 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The stock has a 50 day simple moving average of $159.40 and a 200-day simple moving average of $189.43. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.