Fiserv, Inc. (NYSE:FI) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 30.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,263 shares of the business services provider's stock after selling 2,296 shares during the period. Park Place Capital Corp's holdings in Fiserv were worth $1,162,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FI. LaFleur & Godfrey LLC grew its position in Fiserv by 0.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after buying an additional 75 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Fiserv by 91.9% in the fourth 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 in the last quarter. IFP Advisors Inc increased its stake in shares of Fiserv by 3.0% during the fourth quarter. IFP Advisors Inc now owns 7,642 shares of the business services provider's stock worth $1,570,000 after acquiring an additional 224 shares during the period. FourThought Financial Partners LLC purchased a new position in Fiserv during the fourth quarter worth about $242,000. Finally, Illinois Municipal Retirement Fund raised its holdings in Fiserv by 9.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,054 shares of the business services provider's stock worth $5,968,000 after purchasing an additional 2,453 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity

In other Fiserv 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 transaction of $904,320.00. Following the transaction, the executive vice president now owns 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business's 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 sale, 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. Company insiders own 0.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FI. Citigroup dropped their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Wall Street Zen began coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. Susquehanna cut their price target 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, Jefferies Financial Group decreased their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Two equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Trading Up 0.6%

Shares of NYSE FI traded up $1.11 during midday trading on Friday, reaching $172.47. 3,934,470 shares of the stock were exchanged, compared to its average volume of 3,335,609. The stock has a 50 day moving average price of $174.06 and a 200-day moving average price of $200.74. 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 $95.62 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.06 and a beta of 0.90. Fiserv, Inc. has a 52-week low of $146.46 and a 52-week high of $238.59.

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. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. Fiserv's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 earnings per share. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.