Fiserv, Inc. (NYSE:FI) Stock Position Lowered by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 6.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,910 shares of the business services provider’s stock after selling 189 shares during the period. Flagship Harbor Advisors LLC’s holdings in Fiserv were worth $643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vega Investment Solutions acquired a new position in Fiserv in the 4th quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the 4th quarter worth approximately $28,000. Campbell Capital Management Inc. acquired a new position in Fiserv in the 4th quarter worth approximately $37,000. Quarry LP boosted its stake 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 purchasing an additional 70 shares during the period. Finally, Knuff & Co LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $172.78 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. Fiserv, Inc. has a one year low of $146.46 and a one year high of $238.59. The company has a 50-day simple moving average of $175.60 and a two-hundred day simple moving average of $201.16. The firm has a market capitalization of $95.79 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FI) last posted its 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 net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were 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 in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president now owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FI. BMO Capital Markets cut their price target on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Truist Financial began coverage on shares of Fiserv in a report on Monday, June 2nd. They set a “buy” rating and a $181.00 price target on the stock. Citigroup cut their price target 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. Jefferies Financial Group cut their price target on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Finally, Piper Sandler set a $218.00 price target on shares of Fiserv in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.23.

About Fiserv

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.