Fiserv, Inc. (NYSE:FI) Stock Position Lowered by Robbins Farley

Robbins Farley trimmed its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 14.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,671 shares of the business services provider's stock after selling 3,896 shares during the quarter. Fiserv comprises about 2.8% of Robbins Farley's holdings, making the stock its 8th biggest holding. Robbins Farley's holdings in Fiserv were worth $5,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Vega Investment Solutions purchased a new position in Fiserv during the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $28,000. Marshall Investment Management LLC bought a new stake in Fiserv in the fourth quarter worth $29,000. Campbell Capital Management Inc. bought a new position in Fiserv during the fourth quarter valued at $37,000. Finally, Quarry LP grew its stake in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 1.0%

Shares of Fiserv stock traded down $1.58 during trading on Tuesday, hitting $163.32. 2,948,287 shares of the company were exchanged, compared to its average volume of 3,263,885. The firm's fifty day moving average price is $180.92 and its 200 day moving average price is $203.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $90.55 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has approved a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FI shares. Wall Street Zen assumed coverage on Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating on the stock. Redburn Atlantic reissued a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Mizuho set a $200.00 price objective on shares of Fiserv in a research note on Thursday, May 15th. Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $220.27.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares of the company's stock, valued at approximately $4,061,600. This 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.