Fiserv, Inc. (NYSE:FI) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 2,879,531 shares of the business services provider’s stock after selling 43,048 shares during the period. Fiserv accounts for 23.3% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its biggest holding. Pittenger & Anderson Inc.’s holdings in Fiserv were worth $635,887,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Vega Investment Solutions bought a new position in Fiserv in the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC bought a new position in Fiserv in the fourth quarter valued at approximately $28,000. Campbell Capital Management Inc. bought a new position in Fiserv in the fourth quarter valued at approximately $37,000. Abound Financial LLC bought a new position in Fiserv in the first quarter valued at approximately $38,000. Finally, Quarry LP lifted its stake in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $165.21 on Friday. Fiserv, Inc. has a one year low of $153.77 and a one year high of $238.59. The company has a market cap of $91.60 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.01 and a beta of 0.91. The firm’s fifty day moving average price is $169.52 and its two-hundred day moving average price is $198.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10.

Fiserv (NYSE:FI) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company earned $1.88 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FI shares. The Goldman Sachs Group cut their price target on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Jefferies Financial Group cut their price objective on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. Wall Street Zen started coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a “buy” rating on the stock. Finally, Susquehanna cut their price objective on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, April 25th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $221.23.

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.