Fiserv, Inc. (NYSE:FI) Stock Holdings Lifted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 50.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,042 shares of the business services provider's stock after purchasing an additional 14,458 shares during the period. OneDigital Investment Advisors LLC's holdings in Fiserv were worth $9,505,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Fiserv during the fourth quarter worth about $1,406,452,000. GAMMA Investing LLC grew its stake in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after acquiring an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC grew its stake in Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after acquiring an additional 2,174,025 shares during the period. Alliancebernstein L.P. grew its stake in Fiserv by 65.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after acquiring an additional 2,153,554 shares during the period. Finally, FMR LLC grew its stake in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Down 1.2%

NYSE:FI traded down $2.14 on Monday, reaching $173.41. The stock had a trading volume of 2,964,194 shares, compared to its average volume of 3,358,008. 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 50-day moving average of $170.74 and a 200 day moving average of $199.22. The stock has a market cap of $96.14 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $146.46 and a 12-month high of $238.59.

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

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction 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 directly owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the 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 transaction, the executive vice president directly 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. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on FI. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. Jefferies Financial Group lowered their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. Susquehanna lowered their target price on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. Finally, Robert W. Baird lowered their price objective on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $221.23.

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.