Annex Advisory Services LLC Has $2.72 Million Stake in Fiserv, Inc. (NYSE:FI)

Annex Advisory Services LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,328 shares of the business services provider’s stock after selling 86 shares during the period. Annex Advisory Services LLC’s holdings in Fiserv were worth $2,722,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vega Investment Solutions bought a new stake in Fiserv during the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $28,000. Marshall Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the fourth quarter valued at approximately $31,000. Finally, Campbell Capital Management Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $37,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the subject of several research reports. Piper Sandler set a $218.00 price objective on Fiserv in a report on Friday, April 25th. BMO Capital Markets lowered their price objective on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Mizuho set a $200.00 price target on Fiserv in a research report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods reduced their price objective on Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.27.

Fiserv Trading Up 1.3%

NYSE:FI opened at $164.24 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $91.06 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The business has a fifty day moving average price of $187.75 and a 200-day moving average price of $206.18.

Fiserv (NYSE:FI) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the firm posted $1.88 EPS. Fiserv’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated a stock buyback program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other 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 completion of the sale, the executive vice president now owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 now directly owns 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.