Diversified Trust Co Cuts Position in Fiserv, Inc. (NYSE:FI)

Diversified Trust Co decreased its holdings in Fiserv, Inc. (NYSE:FI) by 14.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,635 shares of the business services provider’s stock after selling 9,248 shares during the quarter. Diversified Trust Co’s holdings in Fiserv were worth $11,844,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vega Investment Solutions acquired a new stake in shares of Fiserv in the fourth quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in Fiserv in the 4th quarter valued at about $28,000. Campbell Capital Management Inc. purchased a new position in Fiserv in the 4th quarter valued at about $37,000. Quarry LP boosted its holdings in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after buying an additional 70 shares during the last quarter. Finally, Knuff & Co LLC purchased a new stake in Fiserv during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv 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 transaction, the executive vice president now owns 25,385 shares in the company, valued at $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 available at the SEC website. 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 value of $403,628.16. Following the sale, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Redburn Atlantic reissued a “sell” rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Piper Sandler set a $218.00 target price on shares of Fiserv in a research note on Friday, April 25th. Wall Street Zen assumed coverage on Fiserv in a research report on Sunday, March 23rd. They issued a “buy” rating for the company. The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Finally, Truist Financial started coverage on Fiserv in a research note on Monday, June 2nd. They set a “buy” rating and a $181.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.23.

Fiserv Stock Performance

NYSE:FI opened at $171.45 on Friday. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50 day moving average price of $174.06 and a 200 day moving average price of $200.74. The stock has a market capitalization of $95.06 billion, a P/E ratio of 30.29, a PEG ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FI) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping 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 company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.