Fiserv, Inc. (NYSE:FI) Position Increased by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. increased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 111.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,225 shares of the business services provider's stock after purchasing an additional 3,805 shares during the period. Retirement Planning Co of New England Inc.'s holdings in Fiserv were worth $1,595,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after acquiring an additional 44 shares during the period. Rappaport Reiches Capital Management LLC increased its holdings in shares of Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after purchasing an additional 48 shares in the last quarter. Adero Partners LLC increased its holdings in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after purchasing an additional 55 shares in the last quarter. Oakworth Capital Inc. increased its holdings in shares of Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after purchasing an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Down 0.9%

FI stock traded down $1.57 during midday trading on Friday, reaching $165.78. 3,993,573 shares of the company's stock traded hands, compared to its average volume of 3,426,082. The company has a market capitalization of $91.91 billion, a P/E ratio of 29.29, a PEG ratio of 1.01 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. Fiserv, Inc. has a fifty-two week low of $154.17 and a fifty-two week high of $238.59. The business has a 50-day moving average price of $168.12 and a two-hundred day moving average price of $197.10.

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 for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the company posted $1.88 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FI shares. Jefferies Financial Group cut their price target 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. Citigroup dropped their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays dropped their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group dropped their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, Mizuho set a $200.00 target price on shares of Fiserv in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and an average target price of $220.59.

Insiders Place Their Bets

In other news, 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 transaction, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

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.