Greenspring Advisors LLC Sells 180 Shares of Fiserv, Inc. (NYSE:FI)

Greenspring Advisors LLC trimmed its position in Fiserv, Inc. (NYSE:FI) by 10.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,620 shares of the business services provider’s stock after selling 180 shares during the period. Greenspring Advisors LLC’s holdings in Fiserv were worth $358,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LaFleur & Godfrey LLC raised its holdings in Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider’s stock worth $3,721,000 after acquiring an additional 75 shares in the last quarter. Brighton Jones LLC raised its holdings in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Fiserv during the fourth quarter worth about $11,330,000. Silver Oak Securities Incorporated raised its holdings in Fiserv by 124.6% during the fourth quarter. Silver Oak Securities Incorporated now owns 2,648 shares of the business services provider’s stock worth $546,000 after acquiring an additional 1,469 shares in the last quarter. Finally, Arcataur Capital Management LLC raised its holdings in Fiserv by 1.3% during the fourth quarter. Arcataur Capital Management LLC now owns 6,448 shares of the business services provider’s stock worth $1,325,000 after acquiring an additional 85 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on FI. Jefferies Financial Group dropped their target price on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Piper Sandler set a $218.00 price target on Fiserv in a research report on Friday, April 25th. The Goldman Sachs Group lowered their price target on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Citigroup lowered their price target on Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Royal Bank of Canada set a $237.00 price target on Fiserv in a research report on Friday, April 25th. Two research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.27.

Fiserv Stock Up 0.9%

Shares of FI opened at $166.90 on Friday. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The stock has a market capitalization of $92.54 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock has a fifty day moving average of $185.54 and a 200-day moving average of $205.44.

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

Fiserv declared that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of the firm’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 completion of the transaction, the insider now directly owns 53,385 shares of the company’s stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president now directly owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Fiserv 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.