Fiserv, Inc. (NYSE:FI) Stock Holdings Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 26.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,131 shares of the business services provider's stock after buying an additional 17,152 shares during the period. Sequoia Financial Advisors LLC's holdings in Fiserv were worth $18,137,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after acquiring an additional 218,833 shares during the period. FMR LLC grew its holdings in shares of Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Fiserv by 16.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after acquiring an additional 1,121,597 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after acquiring an additional 340,938 shares during the period. Finally, Norges Bank acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $1,406,452,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.6%

Shares of FI stock traded up $1.11 during mid-day trading on Friday, hitting $172.47. 3,934,470 shares of the company's stock were exchanged, compared to its average volume of 3,339,630. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The stock has a 50-day simple moving average of $174.06 and a two-hundred day simple moving average of $200.74. 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 stock has a market cap of $95.62 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.06 and a beta of 0.90.

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

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider now directly owns 53,385 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction on 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 $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FI shares. JPMorgan Chase & Co. lowered their price target on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. Monness Crespi & Hardt cut Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a report on Wednesday, April 9th. Jefferies Financial Group lowered their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Finally, Tigress Financial increased their target price on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, one has given 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 has a consensus rating of "Moderate Buy" and an average target price of $221.23.

About Fiserv

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.