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Fiserv, Inc. (NYSE:FI) Stock Position Trimmed by Torray Investment Partners LLC

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Torray Investment Partners LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,130 shares of the business services provider's stock after selling 6,355 shares during the quarter. Fiserv makes up about 3.9% of Torray Investment Partners LLC's holdings, making the stock its 2nd biggest position. Torray Investment Partners LLC's holdings in Fiserv were worth $26,307,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FI. Vega Investment Solutions acquired a new stake in shares of Fiserv during the 4th quarter valued at about $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC acquired a new stake in Fiserv during the first quarter valued at approximately $38,000. Quarry LP lifted its position in shares of Fiserv by 51.9% during 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 period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Fiserv in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $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.

Fiserv Stock Down 2.6%

Fiserv stock traded down $3.60 on Friday, hitting $135.34. 5,449,415 shares of the stock traded hands, compared to its average volume of 6,346,013. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $73.57 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. The business's fifty day simple moving average is $162.62 and its 200 day simple moving average is $192.74. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stephens dropped their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. The Goldman Sachs Group dropped their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. BMO Capital Markets dropped their target price 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. Finally, Mizuho dropped their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Check Out Our Latest Report on Fiserv

Fiserv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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