Stephens Inc. AR Has $4.90 Million Holdings in Fiserv, Inc. (NYSE:FI)

Stephens Inc. AR lessened its holdings in Fiserv, Inc. (NYSE:FI) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,185 shares of the business services provider’s stock after selling 912 shares during the period. Stephens Inc. AR’s holdings in Fiserv were worth $4,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vega Investment Solutions purchased a new stake in Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv in the 4th quarter valued at about $28,000. Abound Financial LLC purchased a new stake in Fiserv in the 1st quarter valued at about $38,000. Quarry LP increased its stake in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Fiserv in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were 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 in the company, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction dated 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 sale, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

FI has been the subject of several analyst reports. Redburn Atlantic reiterated a “sell” rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Piper Sandler set a $218.00 target price on shares of Fiserv in a research report on Friday, April 25th. Jefferies Financial Group reduced their target price on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Finally, Barclays reduced their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Two investment 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.23.

Fiserv Price Performance

Shares of NYSE FI opened at $166.97 on Tuesday. Fiserv, Inc. has a 1 year low of $153.77 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day moving average is $169.15 and its 200 day moving average is $197.82. The stock has a market capitalization of $92.57 billion, a P/E ratio of 29.50, a P/E/G ratio of 1.01 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the company earned $1.88 earnings per share. Fiserv’s quarterly revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share 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.