Compass Wealth Management LLC Has $7.27 Million Stake in Fiserv, Inc. (NYSE:FI)

Compass Wealth Management LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 3.0% in the 1st quarter, HoldingsChannel reports. The fund owned 32,933 shares of the business services provider’s stock after selling 1,035 shares during the period. Fiserv accounts for approximately 1.9% of Compass Wealth Management LLC’s holdings, making the stock its 8th largest holding. Compass Wealth Management LLC’s holdings in Fiserv were worth $7,273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FI. Brighton Jones LLC lifted its stake in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $349,000. Proficio Capital Partners LLC lifted its stake in Fiserv by 48.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 775 shares during the last quarter. Inceptionr LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $723,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $281,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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 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 transaction, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $175.55 on Friday. The company’s fifty day moving average is $170.83 and its 200-day moving average is $199.47. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The firm has a market cap of $97.33 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

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 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 analyst estimates of $4.86 billion. During the same quarter in the prior year, the business posted $1.88 EPS. Fiserv’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the subject of several research analyst reports. Truist Financial initiated coverage on shares of Fiserv in a research report on Monday, June 2nd. They issued a “buy” rating and a $181.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Mizuho set a $200.00 price target on shares of Fiserv in a research report on Thursday, May 15th. Piper Sandler set a $218.00 price target on shares of Fiserv in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.