Peoples Bank OH Sells 4,165 Shares of Fiserv, Inc. (NYSE:FI)

Peoples Bank OH trimmed its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 61.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,605 shares of the business services provider's stock after selling 4,165 shares during the quarter. Peoples Bank OH's holdings in Fiserv were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Fiserv by 48.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock worth $485,000 after acquiring an additional 775 shares in the last quarter. AlphaQuest LLC increased its position in shares of Fiserv by 120.9% in the fourth quarter. AlphaQuest LLC now owns 1,610 shares of the business services provider's stock worth $331,000 after acquiring an additional 881 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Fiserv by 4.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 9,811 shares of the business services provider's stock worth $2,015,000 after acquiring an additional 414 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Fiserv by 20.0% in the fourth quarter. Independent Advisor Alliance now owns 11,780 shares of the business services provider's stock worth $2,420,000 after acquiring an additional 1,966 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FI shares. 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. Robert W. Baird decreased their price objective on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Redburn Atlantic restated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Finally, Truist Financial began coverage on shares of Fiserv in a research report on Monday, June 2nd. They set a "buy" rating and a $181.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $221.23.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Fiserv Stock Performance

NYSE:FI traded down $4.49 on Friday, hitting $165.21. The stock had a trading volume of 6,293,974 shares, compared to its average volume of 3,396,508. The stock has a market cap of $91.60 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The business's 50-day simple moving average is $169.52 and its two-hundred day simple moving average is $198.27. Fiserv, Inc. has a 52-week low of $153.77 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 the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. As a group, research analysts predict 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.