Fiserv, Inc. (NYSE:FI) Shares Sold by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV lowered its holdings in Fiserv, Inc. (NYSE:FI) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,872 shares of the business services provider’s stock after selling 314 shares during the quarter. Fiserv comprises approximately 3.3% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 6th largest holding. Builder Investment Group Inc. ADV’s holdings in Fiserv were worth $11,676,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FI. Jacobi Capital Management LLC increased its holdings in Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after buying an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Fiserv by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock worth $794,000 after purchasing an additional 44 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock worth $841,000 after purchasing an additional 45 shares during the last quarter. Adero Partners LLC boosted its position in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after purchasing an additional 55 shares during the last quarter. Finally, Pointe Capital Management LLC boosted its position in Fiserv by 1.8% in the fourth quarter. Pointe Capital Management LLC now owns 3,158 shares of the business services provider’s stock worth $649,000 after purchasing an additional 56 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FI. Keefe, Bruyette & Woods dropped their target price on Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Monness Crespi & Hardt cut Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a report on Wednesday, April 9th. Redburn Atlantic reissued a “sell” rating and set a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. UBS Group cut their target price on Fiserv from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $220.27.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider now directly owns 53,385 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 directly owns 25,385 shares in the company, valued at approximately $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. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Down 1.0%

Shares of FI stock opened at $163.32 on Wednesday. The stock’s 50-day simple moving average is $179.98 and its 200-day simple moving average is $202.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $90.55 billion, a PE ratio of 28.85, a P/E/G ratio of 1.02 and a beta of 0.90. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share 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 18.74% and a net margin of 15.68%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 earnings per share. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has authorized a stock repurchase 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. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.