Fiserv, Inc. (NYSE:FI) Shares Sold by Roberts Glore & Co. Inc. IL

by · The Cerbat Gem

Roberts Glore & Co. Inc. IL cut its holdings in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,319 shares of the business services provider’s stock after selling 264 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Fiserv were worth $954,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FI. Brighton Jones LLC increased its position in shares of 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 purchasing an additional 2,033 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Fiserv by 0.9% during the fourth quarter. Bank of Nova Scotia now owns 91,750 shares of the business services provider’s stock valued at $18,853,000 after buying an additional 843 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Fiserv by 315.9% during the fourth quarter. APG Asset Management N.V. now owns 433,161 shares of the business services provider’s stock valued at $85,929,000 after buying an additional 329,000 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at $363,031,000. Finally, TRUE Private Wealth Advisors grew its holdings in shares of Fiserv by 11.8% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,711 shares of the business services provider’s stock valued at $352,000 after buying an additional 181 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FI shares. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Citigroup dropped their price objective on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a report on Friday, April 25th. Finally, Susquehanna dropped their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $207.08.

Get Our Latest Stock Analysis on FI

Fiserv Stock Down 1.4%

FI opened at $134.26 on Wednesday. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $161.64 and a 200 day moving average price of $191.66. The company has a market cap of $72.98 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91.

Fiserv (NYSE:FI – Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction dated 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 $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president 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. 0.75% of the stock is owned by corporate insiders.

Fiserv Company Profile

(Free Report)

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.

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