TD Private Client Wealth LLC Raises Stake in Fiserv, Inc. (NYSE:FI)

TD Private Client Wealth LLC raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 354.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,167 shares of the business services provider's stock after purchasing an additional 15,727 shares during the period. TD Private Client Wealth LLC's holdings in Fiserv were worth $4,453,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FI. Envestnet Asset Management Inc. grew its position in shares of Fiserv by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,896,313 shares of the business services provider's stock worth $418,763,000 after acquiring an additional 100,793 shares during the last quarter. Drake & Associates LLC grew its position in Fiserv by 18.2% in the 1st quarter. Drake & Associates LLC now owns 4,606 shares of the business services provider's stock valued at $1,017,000 after buying an additional 710 shares during the last quarter. US Asset Management LLC grew its position in Fiserv by 30.3% in the 1st quarter. US Asset Management LLC now owns 5,406 shares of the business services provider's stock valued at $1,194,000 after buying an additional 1,256 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its position in Fiserv by 5.3% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 1,603 shares of the business services provider's stock valued at $354,000 after buying an additional 80 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Fiserv by 3.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 12,770 shares of the business services provider's stock valued at $2,820,000 after buying an additional 459 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NYSE:FI traded down $4.49 during midday trading on Friday, hitting $165.21. 6,293,974 shares of the stock were exchanged, compared to its average volume of 3,393,552. The company has a 50 day moving average price of $169.52 and a 200-day moving average price of $198.27. Fiserv, Inc. has a twelve month low of $151.59 and a twelve month high of $238.59. The stock has a market cap of $91.60 billion, a P/E ratio of 29.19, a PEG ratio of 1.04 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

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 for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion during 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 was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FI shares. Jefferies Financial Group lowered their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Wall Street Zen started coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating on the stock. Susquehanna reduced their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods reduced their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $221.23.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated 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 in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 completion of the sale, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

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.