Mountain Pacific Investment Advisers LLC Sells 16,768 Shares of Fiserv, Inc. (NYSE:FI)

Mountain Pacific Investment Advisers LLC cut its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 437,504 shares of the business services provider's stock after selling 16,768 shares during the quarter. Fiserv comprises approximately 7.2% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its largest position. Mountain Pacific Investment Advisers LLC owned about 0.08% of Fiserv worth $96,614,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. LaFleur & Godfrey LLC raised its position in shares of Fiserv by 0.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after purchasing an additional 75 shares during the period. Brighton Jones LLC grew its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after buying an additional 2,033 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Fiserv in the 4th quarter valued at $11,330,000. Van ECK Associates Corp raised its holdings in Fiserv by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 22,699 shares of the business services provider's stock worth $4,663,000 after acquiring an additional 594 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in Fiserv by 26.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 10,840 shares of the business services provider's stock worth $2,227,000 after acquiring an additional 2,236 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 3.1%

Shares of NYSE FI opened at $162.79 on Monday. Fiserv, Inc. has a 52-week low of $146.46 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The business has a fifty day moving average of $181.52 and a two-hundred day moving average of $203.45. The stock has a market cap of $90.26 billion, a PE ratio of 30.20, a PEG ratio of 1.52 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter last year, the company posted $1.88 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the sale, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 now directly owns 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. Corporate insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FI shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Tigress Financial lifted their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Piper Sandler set a $218.00 price objective on Fiserv in a research report on Friday, April 25th. Barclays lowered their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Wall Street Zen started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Two research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $220.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.