Fiserv, Inc. (NYSE:FI) Shares Sold by Woodley Farra Manion Portfolio Management Inc.

Key Points

• Woodley Farra Manion Portfolio Management Inc. has reduced its position in Fiserv, Inc. by 4.4%, now holding 443,684 shares valued at approximately $97.98 million.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, surpassing the consensus estimate of $2.43, with a year-over-year revenue increase of 8%.
• Analysts show a generally positive outlook on Fiserv, with an average price target of $207.08 and numerous buy ratings from various investment firms.

Woodley Farra Manion Portfolio Management Inc. lowered its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 4.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 443,684 shares of the business services provider's stock after selling 20,519 shares during the period. Fiserv makes up 4.9% of Woodley Farra Manion Portfolio Management Inc.'s portfolio, making the stock its 3rd largest holding. Woodley Farra Manion Portfolio Management Inc. owned 0.08% of Fiserv worth $97,979,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after purchasing an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after purchasing an additional 2,174,025 shares during the period. FMR LLC boosted its holdings in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after purchasing an additional 2,126,419 shares during the period. Winslow Capital Management LLC bought a new stake in Fiserv in the 4th quarter valued at about $363,031,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Fiserv by 16.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock valued at $1,649,705,000 after purchasing an additional 1,121,597 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Morgan Stanley cut their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price target for the company. Finally, Robert W. Baird cut their price target on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction on 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 directly owned 53,385 shares of the company's stock, valued at $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 currently owned by company insiders.

Fiserv Trading Down 1.7%

NYSE FI traded down $2.38 on Friday, hitting $136.56. The company's stock had a trading volume of 555,815 shares, compared to its average volume of 4,433,736. The company's 50-day moving average is $163.09 and its 200 day moving average is $193.22. The firm has a market cap of $74.23 billion, a PE ratio of 22.74, a PEG ratio of 0.92 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

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

Fiserv 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.