Relyea Zuckerberg Hanson LLC Has $331,000 Position in Fiserv, Inc. (NYSE:FI)

Relyea Zuckerberg Hanson LLC lowered its position in Fiserv, Inc. (NYSE:FI) by 9.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,497 shares of the business services provider’s stock after selling 148 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Fiserv were worth $331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. LaFleur & Godfrey LLC increased its stake in shares of Fiserv by 0.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider’s stock valued at $3,721,000 after buying an additional 75 shares during the period. Brighton Jones LLC boosted its holdings in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Fiserv in the fourth quarter valued at approximately $11,330,000. Empowered Funds LLC boosted its holdings in Fiserv by 12.5% in the fourth quarter. Empowered Funds LLC now owns 10,492 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in Fiserv by 21.3% in the fourth quarter. Leavell Investment Management Inc. now owns 3,133 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on 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 now directly owns 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the firm’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 sale, 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. 0.74% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FI shares. JPMorgan Chase & Co. reduced their target price on Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Royal Bank of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. Susquehanna reduced their target price on Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Friday, April 25th. BMO Capital Markets reduced their target price on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Barclays cut their price target on Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.27.

Fiserv Price Performance

Shares of NYSE:FI opened at $162.79 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The stock’s 50 day moving average is $181.52 and its 200-day moving average is $203.68. The firm has a market capitalization of $90.26 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 1.52 and a beta of 0.90.

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 analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Fiserv’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 earnings per share. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.