Fiserv, Inc. (NYSE:FI) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,940 shares of the business services provider's stock after selling 4,382 shares during the period. Fiserv comprises approximately 1.2% of Thompson Investment Management Inc.'s portfolio, making the stock its 28th biggest holding. Thompson Investment Management Inc.'s holdings in Fiserv were worth $8,158,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Vega Investment Solutions purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $28,000. Marshall Investment Management LLC bought a new position in shares of Fiserv in the 4th quarter worth about $29,000. Campbell Capital Management Inc. bought a new stake in Fiserv during the fourth quarter worth about $37,000. Finally, Quarry LP grew its stake in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 transaction of $904,320.00. Following the completion of the sale, the executive vice president now directly owns 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 transaction of $403,628.16. Following the completion of the sale, the insider now directly owns 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FI shares. Mizuho set a $200.00 price objective on Fiserv in a research report on Thursday, May 15th. BMO Capital Markets cut their price objective on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. UBS Group lowered their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. Barclays lowered their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their target price on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $220.27.

Fiserv Price Performance

Shares of FI stock traded down $0.44 during trading hours on Thursday, reaching $167.63. The company had a trading volume of 1,016,599 shares, compared to its average volume of 3,248,097. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The company has a market capitalization of $92.94 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.52 and a beta of 0.90. The stock has a fifty day moving average of $182.77 and a 200-day moving average of $204.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results 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 company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 earnings per share. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

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.