Wolf Group Capital Advisors Sells 11,915 Shares of Fiserv, Inc. (NYSE:FI)

Wolf Group Capital Advisors trimmed its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 89.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,463 shares of the business services provider's stock after selling 11,915 shares during the quarter. Wolf Group Capital Advisors' holdings in Fiserv were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Global Trust Asset Management LLC lifted its holdings in Fiserv by 104.0% in the 1st quarter. Global Trust Asset Management LLC now owns 1,236 shares of the business services provider's stock valued at $273,000 after acquiring an additional 630 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in Fiserv by 22.6% in the 1st quarter. Insigneo Advisory Services LLC now owns 4,188 shares of the business services provider's stock valued at $925,000 after acquiring an additional 772 shares during the last quarter. NBT Bank N A NY lifted its holdings in Fiserv by 8.3% in the 1st quarter. NBT Bank N A NY now owns 8,284 shares of the business services provider's stock valued at $1,829,000 after acquiring an additional 635 shares during the last quarter. Chicago Capital LLC lifted its holdings in Fiserv by 69.5% in the 1st quarter. Chicago Capital LLC now owns 14,169 shares of the business services provider's stock valued at $3,129,000 after acquiring an additional 5,809 shares during the last quarter. Finally, Patton Fund Management Inc. acquired a new stake in Fiserv in the 1st quarter valued at about $2,998,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred 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 owns 25,385 shares of the company's stock, valued at $4,061,600. This 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 the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on 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 now directly owns 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Stock Up 1.0%

NYSE:FI traded up $1.61 during mid-day trading on Friday, reaching $162.97. The stock had a trading volume of 8,513,492 shares, compared to its average volume of 3,304,541. The business's 50 day moving average is $178.13 and its 200 day moving average is $202.10. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The stock has a market cap of $90.36 billion, a P/E ratio of 28.79, a PEG ratio of 1.00 and a beta of 0.90. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a stock repurchase plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Wall Street Zen began coverage on Fiserv in a report on Sunday, March 23rd. They set a "buy" rating on the stock. Piper Sandler set a $218.00 price objective on Fiserv in a report on Friday, April 25th. Finally, Robert W. Baird cut their price objective on Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and a consensus target price of $221.23.

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.