Fiserv, Inc. (NYSE:FI) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH decreased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 56.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,851 shares of the business services provider's stock after selling 11,471 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Fiserv were worth $1,818,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 218,833 shares during the period. FMR LLC raised its holdings in 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 purchasing an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in 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 purchasing an additional 1,121,597 shares during the period. Nuveen Asset Management LLC raised its holdings in 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 purchasing an additional 340,938 shares during the period. Finally, Norges Bank acquired a new position in Fiserv in the 4th quarter worth about $1,406,452,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 1.7%

Fiserv stock traded up $2.78 during mid-day trading on Friday, hitting $162.40. The company's stock had a trading volume of 11,957,533 shares, compared to its average volume of 3,175,467. The firm has a market capitalization of $90.04 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock's fifty day moving average is $191.13 and its two-hundred day moving average is $207.13.

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

Fiserv declared that its board has approved a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on 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 directly owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $904,320.00. Following the transaction, the executive vice president now 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. 0.74% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. BMO Capital Markets reduced their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Royal Bank of Canada set a $237.00 price objective on Fiserv in a research note on Friday, April 25th. Piper Sandler set a $218.00 price objective on Fiserv in a research note on Friday, April 25th. Tigress Financial boosted their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Redburn Atlantic reiterated a "sell" rating and set a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $221.84.

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.