Fiserv, Inc. (NYSE:FI) Shares Sold by Greenspring Advisors LLC

Greenspring Advisors LLC lowered its stake in Fiserv, Inc. (NYSE:FI) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,620 shares of the business services provider’s stock after selling 180 shares during the quarter. Greenspring Advisors LLC’s holdings in Fiserv were worth $358,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FI. Norges Bank acquired a new stake in Fiserv in the fourth quarter valued at approximately $1,406,452,000. GAMMA Investing LLC raised its holdings in Fiserv by 21,681.0% in the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider’s stock valued at $843,991,000 after acquiring an additional 3,804,358 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $614,982,000. Kovitz Investment Group Partners LLC raised its holdings in Fiserv by 343.7% in the fourth 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 acquiring an additional 2,174,025 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Fiserv by 65.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider’s stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $166.90 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market cap of $92.54 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 1.52 and a beta of 0.91. The business’s 50-day simple moving average is $185.54 and its 200-day simple moving average is $205.44. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has approved a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm’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 value 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 trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction 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 owns 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FI. Morgan Stanley reissued an “overweight” rating and set a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Truist Financial began coverage on shares of Fiserv in a report on Monday, June 2nd. They set a “buy” rating and a $181.00 price objective on the stock. The Goldman Sachs Group cut their price objective on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Finally, Wall Street Zen began coverage on shares of Fiserv in a report on Sunday, March 23rd. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.