Fiserv, Inc. (NYSE:FI) Shares Sold by Staley Capital Advisers Inc.

Key Points

• Staley Capital Advisers Inc. reduced its holdings in Fiserv, Inc. by 3.6%, now owning 418,797 shares, valued at approximately $92.48 million, which represents 4.2% of its portfolio.
• Institutional investors collectively own 90.98% of Fiserv's stock, with T. Rowe Price Investment Management and others increasing their positions recently.
• Fiserv reported $5.20 billion in revenue for the latest quarter, a year-over-year increase of 8%, alongside earnings per share of $2.47, surpassing the consensus estimate.

Staley Capital Advisers Inc. decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,797 shares of the business services provider's stock after selling 15,522 shares during the period. Fiserv makes up 4.2% of Staley Capital Advisers Inc.'s holdings, making the stock its 7th biggest position. Staley Capital Advisers Inc. owned 0.08% of Fiserv worth $92,483,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Fiserv during the 1st quarter worth $1,722,584,000. JPMorgan Chase & Co. grew its holdings in shares of Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after purchasing an additional 3,804,358 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Fiserv by 343.7% in the fourth 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 in the last quarter. Finally, Northern Trust Corp boosted its stake in Fiserv by 19.5% in the fourth quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock valued at $1,274,984,000 after buying an additional 1,014,126 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 0.2%

Shares of FI traded up $0.22 during mid-day trading on Thursday, reaching $134.51. 4,157,903 shares of the company were exchanged, compared to its average volume of 4,477,012. The stock has a market capitalization of $73.12 billion, a PE ratio of 22.46, a PEG ratio of 0.86 and a beta of 0.91. The business has a 50 day simple moving average of $158.20 and a two-hundred day simple moving average of $188.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

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

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 completion of the sale, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Piper Sandler set a $218.00 price objective on Fiserv in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, UBS Group reduced their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.08.

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.