Fiserv, Inc. (NYSE:FI) Shares Sold by Spire Wealth Management

Spire Wealth Management lessened its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 12.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 36,370 shares of the business services provider's stock after selling 5,178 shares during the quarter. Spire Wealth Management's holdings in Fiserv were worth $8,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. LaFleur & Godfrey LLC increased its position in Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC increased its holdings in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares during the period. IFP Advisors Inc raised its position in shares of Fiserv by 3.0% in the fourth quarter. IFP Advisors Inc now owns 7,642 shares of the business services provider's stock valued at $1,570,000 after buying an additional 224 shares in the last quarter. Prasad Wealth Partners LLC bought a new position in Fiserv during the 4th quarter worth $891,000. Finally, Bank of New York Mellon Corp increased its stake in Fiserv by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider's stock worth $762,328,000 after acquiring an additional 164,949 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 0.6%

FI stock traded up $1.09 during mid-day trading on Thursday, reaching $171.45. The company had a trading volume of 3,051,052 shares, compared to its average volume of 3,333,212. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The firm has a fifty day simple moving average of $174.80 and a 200 day simple moving average of $200.95. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $95.06 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The business 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 company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.88 earnings per share. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Wall Street Zen assumed coverage on Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. Barclays cut their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada set a $237.00 price objective on Fiserv in a report on Friday, April 25th. Finally, Robert W. Baird decreased their price target on Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $221.23.

Insiders Place Their Bets

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the business'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 directly owns 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred 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 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. 0.74% of the stock is owned by company insiders.

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.