Fiserv, Inc. (NYSE:FI) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 58.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,113 shares of the business services provider's stock after selling 19,462 shares during the period. Morningstar Investment Services LLC's holdings in Fiserv were worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust lifted its stake in Fiserv by 2.4% in the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after purchasing an additional 1,983 shares in the last quarter. Evercore Wealth Management LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $54,981,000. Norges Bank purchased a new stake in shares of Fiserv during the 4th quarter valued at $1,406,452,000. Beck Mack & Oliver LLC raised its position in shares of Fiserv by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock valued at $105,463,000 after buying an additional 2,589 shares in the last quarter. Finally, Ethic Inc. raised its position in shares of Fiserv by 15.0% during the 4th quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock valued at $20,958,000 after buying an additional 13,325 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.9%

Shares of FI traded down $1.57 during midday trading on Friday, hitting $165.78. The stock had a trading volume of 3,993,573 shares, compared to its average volume of 3,431,126. The stock's 50 day moving average is $167.76 and its 200 day moving average is $196.83. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $91.91 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. Fiserv, Inc. has a 1 year low of $154.17 and a 1 year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the prior year, the business earned $1.88 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Piper Sandler set a $218.00 price target on shares of Fiserv in a report on Friday, April 25th. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. UBS Group cut their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Finally, Redburn Atlantic reissued a "sell" rating and issued a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.59.

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the 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 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 position. The sale 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 transaction, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company 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.