Hudson Edge Investment Partners Inc. Has $6.61 Million Position in Fiserv, Inc. (NYSE:FI)

Hudson Edge Investment Partners Inc. lessened its holdings in Fiserv, Inc. (NYSE:FIFree Report) by 11.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 29,944 shares of the business services provider’s stock after selling 3,832 shares during the quarter. Fiserv comprises approximately 1.3% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 19th largest holding. Hudson Edge Investment Partners Inc.’s holdings in Fiserv were worth $6,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. LaFleur & Godfrey LLC lifted its holdings in shares of Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider’s stock valued at $3,721,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC increased its position in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Fisher Asset Management LLC bought a new position in Fiserv during the 4th quarter valued at about $349,000. SBI Securities Co. Ltd. acquired a new position in Fiserv in the fourth quarter valued at about $181,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Fiserv by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock worth $743,782,000 after buying an additional 90,475 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FI shares. BMO Capital Markets cut their target price on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group dropped their price target on Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a report on Monday, May 19th. Monness Crespi & Hardt lowered Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $221.23.

Read Our Latest Stock Report on Fiserv

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred 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 transaction, the executive vice president owned 25,385 shares of the company’s stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the business’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 transaction, the insider owned 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. This represents 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 Price Performance

FI opened at $172.49 on Thursday. The company has a fifty day moving average price of $170.89 and a two-hundred day moving average price of $199.87. The firm has a market capitalization of $95.63 billion, a PE ratio of 30.48, a P/E/G ratio of 1.07 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10.

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

About Fiserv

(Free Report)

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.

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Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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