Puzo Michael J Has $15.45 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Puzo Michael J lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,956 shares of the business services provider's stock after selling 4,565 shares during the period. Fiserv accounts for 4.4% of Puzo Michael J's holdings, making the stock its 3rd biggest position. Puzo Michael J's holdings in Fiserv were worth $15,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vega Investment Solutions bought a new stake in shares of Fiserv during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $28,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $29,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv during the 4th quarter worth approximately $37,000. Finally, Quarry LP raised its stake in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI traded down $2.25 during trading hours on Thursday, hitting $161.19. 5,640,817 shares of the company were exchanged, compared to its average volume of 3,281,100. The company has a market cap of $89.37 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 1.00 and a beta of 0.90. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. 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 firm's fifty day moving average is $178.99 and its 200 day moving average is $202.49.

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

Fiserv declared that its board has approved a stock repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FI shares. Barclays dropped their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Redburn Atlantic restated a "sell" rating and issued a $150.00 price target on shares of Fiserv in a research note on Thursday, April 17th. Piper Sandler set a $218.00 price target on Fiserv in a research note on Friday, April 25th. The Goldman Sachs Group dropped their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods dropped their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $221.23.

Insider Buying and Selling

In other Fiserv news, 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 value of $904,320.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the 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 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. 0.74% of the stock is owned by corporate insiders.

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.