Robeco Institutional Asset Management B.V. Cuts Stake in Fiserv, Inc. (NYSE:FI)

Robeco Institutional Asset Management B.V. reduced its position in Fiserv, Inc. (NYSE:FI - Free Report) by 15.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,043,077 shares of the business services provider's stock after selling 197,778 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.19% of Fiserv worth $230,343,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vega Investment Solutions acquired a new position in Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the 4th quarter valued at $28,000. Campbell Capital Management Inc. acquired a new position in Fiserv in the 4th quarter valued at $37,000. Quarry LP increased its stake in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the period. Finally, Knuff & Co LLC acquired a new position in Fiserv in the 4th quarter valued at $45,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Robert W. Baird dropped their price objective on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a research note on Friday, April 25th. Susquehanna lowered their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. Citigroup lowered their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $221.23.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated 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 directly owns 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was 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 insiders.

Fiserv Price Performance

Shares of Fiserv stock traded up $1.11 on Friday, hitting $172.47. The company's stock had a trading volume of 3,934,470 shares, compared to its average volume of 3,339,630. The company has a market capitalization of $95.62 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90. 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 has a fifty day moving average price of $174.06 and a 200-day moving average price of $200.74. 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 released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company 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%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv 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.