Yousif Capital Management LLC Sells 2,426 Shares of Fiserv, Inc. (NYSE:FI)

Yousif Capital Management LLC cut its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,830 shares of the business services provider's stock after selling 2,426 shares during the quarter. Yousif Capital Management LLC's holdings in Fiserv were worth $16,966,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Fiserv by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after acquiring an additional 218,833 shares during the last quarter. FMR LLC lifted its position in shares of Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after purchasing an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Fiserv by 16.2% during the fourth 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 acquiring an additional 1,121,597 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after buying an additional 340,938 shares during the last quarter. Finally, Norges Bank acquired a new position in Fiserv during the 4th quarter worth $1,406,452,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on FI shares. Morgan Stanley reissued an "overweight" rating and issued a $268.00 price target (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Wall Street Zen assumed coverage on Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. Royal Bank of Canada set a $237.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Susquehanna reduced their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price target on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Two equities research 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. According to data from MarketBeat.com, 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 $5.23 during trading hours on Friday, reaching $162.79. The stock had a trading volume of 3,499,748 shares, compared to its average volume of 3,262,308. The firm has a market capitalization of $90.26 billion, a PE ratio of 30.20, a PEG ratio of 1.52 and a beta of 0.90. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The stock's fifty day simple moving average is $182.17 and its 200 day simple moving average is $204.09. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a stock buyback plan 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. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the company's 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 transaction, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 sale, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. This 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 insiders.

Fiserv Company 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.