Robinson Value Management Ltd. Sells 7,189 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• Robinson Value Management Ltd. reduced its stake in Fiserv, Inc. by 40.1%, selling 7,189 shares, and now holds 10,756 shares, valued at approximately $2.375 million.
• Institutional investors own 90.98% of Fiserv's stock, with notable increases in holdings from firms like GAMMA Investing LLC and Kovitz Investment Group Partners LLC.
• Fiserv reported quarterly earnings of $2.47 EPS, exceeding analysts' expectations, with revenues hitting $5.20 billion, showing an 8% year-over-year growth.

Robinson Value Management Ltd. cut its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 40.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,756 shares of the business services provider's stock after selling 7,189 shares during the quarter. Fiserv accounts for approximately 1.5% of Robinson Value Management Ltd.'s investment portfolio, making the stock its 29th largest position. Robinson Value Management Ltd.'s holdings in Fiserv were worth $2,375,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after purchasing an additional 3,804,358 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Fiserv by 343.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after buying an additional 2,174,025 shares during the period. Alliancebernstein L.P. boosted its stake in Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after buying an additional 2,153,554 shares during the period. FMR LLC increased its position in Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. Finally, Winslow Capital Management LLC bought a new position in Fiserv during the fourth quarter valued at $363,031,000. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 1.4%

NYSE:FI opened at $142.00 on Friday. The firm has a 50-day simple moving average of $165.03 and a 200-day simple moving average of $194.95. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The firm has a market cap of $78.73 billion, a P/E ratio of 23.71, a P/E/G ratio of 0.86 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andrew Gelb sold 5,652 shares of the company's 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 directly owned 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 document filed with the SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the firm's 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 sale, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FI shares. Barclays lowered 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. Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Susquehanna dropped their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday. Stephens reduced their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Robert W. Baird decreased their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.54.

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.

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