Kentucky Retirement Systems Sells 887 Shares of Fiserv, Inc. (NYSE:FI)

Kentucky Retirement Systems trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,676 shares of the business services provider’s stock after selling 887 shares during the period. Kentucky Retirement Systems’ holdings in Fiserv were worth $8,541,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FI. Vega Investment Solutions bought a new stake in Fiserv in the fourth quarter worth $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $28,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $29,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $37,000. Finally, Quarry LP boosted its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after purchasing an additional 70 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the firm’s stock in a transaction that occurred 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 owns 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent analyst reports. Redburn Atlantic reaffirmed a “sell” rating and set a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. The Goldman Sachs Group decreased their target price on Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research note on Monday, May 19th. BMO Capital Markets decreased their target price on Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, Truist Financial started coverage on Fiserv in a research note on Monday, June 2nd. They set a “buy” rating and a $181.00 target price for the company. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $221.23.

Fiserv Price Performance

NYSE:FI opened at $162.97 on Friday. The company has a 50-day moving average of $177.23 and a 200-day moving average of $201.64. The company has a market capitalization of $90.36 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.01 and a beta of 0.90. Fiserv, Inc. has a 52 week low of $146.46 and a 52 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.

Fiserv (NYSE:FI) last announced 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. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 earnings per share. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.