Fiserv, Inc. (NYSE:FI) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. trimmed its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,525 shares of the business services provider's stock after selling 8,312 shares during the quarter. Fiserv comprises 2.4% of ZWJ Investment Counsel Inc.'s investment portfolio, making the stock its 11th biggest holding. ZWJ Investment Counsel Inc.'s holdings in Fiserv were worth $58,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vega Investment Solutions acquired a new stake in shares of Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC purchased a new position in Fiserv during the 4th quarter worth $28,000. Campbell Capital Management Inc. purchased a new position in Fiserv during the 4th quarter worth $37,000. Quarry LP lifted its stake in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after acquiring an additional 70 shares during the period. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $45,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the firm'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 transaction of $403,628.16. Following the sale, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 directly owned 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FI. Tigress Financial raised their price objective on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and set a $268.00 target price (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Royal Bank Of Canada set a $237.00 price target on Fiserv in a research note on Friday, April 25th. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Finally, Mizuho set a $200.00 target price on Fiserv in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Price Performance

Shares of FI traded up $3.10 during trading hours on Friday, reaching $175.55. 2,211,394 shares of the company traded hands, compared to its average volume of 3,359,592. The stock has a market capitalization of $97.33 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The stock has a fifty day simple moving average of $170.83 and a 200 day simple moving average of $199.45. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

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