Cable Hill Partners LLC Has $436,000 Holdings in Fiserv, Inc. (NYSE:FI)

Cable Hill Partners LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 4.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,976 shares of the business services provider’s stock after selling 97 shares during the quarter. Cable Hill Partners LLC’s holdings in Fiserv were worth $436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vega Investment Solutions acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $28,000. Abound Financial LLC acquired a new stake in shares of Fiserv during the 1st quarter worth approximately $38,000. Quarry LP grew its position in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after buying an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 1.5%

NYSE FI opened at $164.53 on Wednesday. The stock has a market capitalization of $91.22 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.02 and a beta of 0.91. Fiserv, Inc. has a one year low of $154.17 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The business’s fifty day moving average is $168.74 and its 200-day moving average is $197.59.

Fiserv (NYSE:FI) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the business posted $1.88 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on FI shares. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective for the company. in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their target price on Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Truist Financial started coverage on Fiserv in a report on Monday, June 2nd. They issued a “buy” rating and a $181.00 target price on the stock. Tigress Financial increased their target price on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Finally, The Goldman Sachs Group cut their target price on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $221.23.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider owned 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated 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 directly owned 25,385 shares of the company’s stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

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.