Fiserv, Inc. (NYSE:FI) Position Trimmed by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lowered its stake in Fiserv, Inc. (NYSE:FI) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 265,525 shares of the business services provider’s stock after selling 8,312 shares during the period. Fiserv makes up about 2.4% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 11th largest holding. ZWJ Investment Counsel Inc.’s holdings in Fiserv were worth $58,636,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Resonant Capital Advisors LLC boosted its stake in shares of Fiserv by 4.5% during the 1st quarter. Resonant Capital Advisors LLC now owns 2,978 shares of the business services provider’s stock worth $658,000 after acquiring an additional 127 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Fiserv by 27.9% in the 1st quarter. Teacher Retirement System of Texas now owns 232,732 shares of the business services provider’s stock valued at $51,394,000 after purchasing an additional 50,722 shares during the period. Private Trust Co. NA increased its stake in Fiserv by 15.5% in the 1st quarter. Private Trust Co. NA now owns 2,591 shares of the business services provider’s stock worth $572,000 after purchasing an additional 348 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in Fiserv by 0.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 67,951 shares of the business services provider’s stock worth $15,006,000 after buying an additional 382 shares during the period. Finally, Fiduciary Group LLC lifted its stake in Fiserv by 50.7% during the first quarter. Fiduciary Group LLC now owns 1,700 shares of the business services provider’s stock valued at $375,000 after buying an additional 572 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE FI opened at $172.49 on Thursday. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The stock’s 50-day moving average is $170.89 and its two-hundred day moving average is $199.87. The firm has a market cap of $95.63 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91. 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 issued 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. 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 the consensus estimate of $4.86 billion. During the same period last year, the business earned $1.88 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FI shares. BMO Capital Markets dropped their target price on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Morgan Stanley reiterated an “overweight” rating and set a $268.00 price objective (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Robert W. Baird reduced their target price on Fiserv from $250.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, June 18th. UBS Group decreased their target price on Fiserv from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $221.23.

Insider Activity at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the business’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 completion of the sale, the executive vice president directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company’s stock, 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. Company insiders own 0.74% of the company’s stock.

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.