Toth Financial Advisory Corp Sells 4,540 Shares of Fiserv, Inc. (NYSE:FI)

Toth Financial Advisory Corp cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,355 shares of the business services provider's stock after selling 4,540 shares during the period. Fiserv makes up approximately 3.4% of Toth Financial Advisory Corp's investment portfolio, making the stock its largest holding. Toth Financial Advisory Corp's holdings in Fiserv were worth $28,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vega Investment Solutions acquired a new stake in shares of Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at about $28,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the fourth quarter valued at about $31,000. Finally, Campbell Capital Management Inc. acquired a new position in shares of Fiserv during the fourth quarter worth about $37,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.9%

Shares of Fiserv stock opened at $166.90 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The business has a fifty day simple moving average of $185.54 and a two-hundred day simple moving average of $205.35. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The company has a market capitalization of $92.54 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 1.52 and a beta of 0.90.

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 analysts' consensus estimates 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 net margin of 15.31% and a return on equity of 17.93%. Fiserv's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has approved a stock buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the firm's 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 transaction, the insider now directly owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $904,320.00. Following the completion of the sale, the executive vice president now owns 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

FI has been the topic of a number of recent research reports. Royal Bank of Canada set a $237.00 target price on Fiserv in a research report on Friday, April 25th. Tigress Financial lifted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. The Goldman Sachs Group lowered their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $220.27.

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.

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