GAMMA Investing LLC Sells 240 Shares of Fiserv, Inc. (NYSE:FI)

GAMMA Investing LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.4% during the first quarter, Holdings Channel.com reports. The firm owned 17,307 shares of the business services provider’s stock after selling 240 shares during the period. GAMMA Investing LLC’s holdings in Fiserv were worth $3,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Vega Investment Solutions bought a new stake in Fiserv during the 4th quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $28,000. Campbell Capital Management Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth $37,000. 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 valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Knuff & Co LLC purchased a new position in Fiserv in the fourth quarter valued at about $45,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on FI. Mizuho set a $200.00 price target on shares of Fiserv in a research report on Thursday, May 15th. Barclays decreased 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. Robert W. Baird cut their price target on shares of Fiserv from $250.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, June 18th. Jefferies Financial Group reduced their price target on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.23.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the firm’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 sale, the insider now directly owns 53,385 shares of the company’s stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the business’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 value of $904,320.00. Following the completion of the transaction, the executive vice president now directly owns 25,385 shares of the company’s stock, valued at $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.

Fiserv Price Performance

Shares of NYSE:FI opened at $172.47 on Friday. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The company has a market cap of $95.62 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90. The company’s 50 day moving average is $173.34 and its 200 day moving average is $200.54.

Fiserv (NYSE:FI) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 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 business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the firm earned $1.88 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side 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.