Nisa Investment Advisors LLC Lowers Stake in Fiserv, Inc. (NYSE:FI)

Nisa Investment Advisors LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,517 shares of the business services provider's stock after selling 17,224 shares during the quarter. Nisa Investment Advisors LLC's holdings in Fiserv were worth $56,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vega Investment Solutions acquired a new position in Fiserv in the fourth quarter valued at about $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $28,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at $37,000. Abound Financial LLC purchased a new position in shares of Fiserv in the 1st quarter valued at $38,000. Finally, Quarry LP grew its position in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FI. Robert W. Baird dropped their target price on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 18th. JPMorgan Chase & Co. dropped their target price on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Mizuho set a $200.00 target price on shares of Fiserv in a research report on Thursday, May 15th. Jefferies Financial Group dropped their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $221.23.

Insider Activity

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were 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 approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated 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 owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Price Performance

Shares of FI traded down $4.49 during trading hours on Friday, reaching $165.21. The company had a trading volume of 6,293,974 shares, compared to its average volume of 3,396,508. The firm has a 50 day simple moving average of $169.52 and a 200-day simple moving average of $198.19. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $91.60 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.01 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $153.77 and a 12-month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm posted $1.88 EPS. The business's revenue was up 5.1% compared to the same quarter last year. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.