Fiserv, Inc. $FI Shares Sold by Credit Agricole S A

Credit Agricole S A trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 262,413 shares of the business services provider’s stock after selling 4,427 shares during the period. Credit Agricole S A’s holdings in Fiserv were worth $57,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen LLC acquired a new stake in shares of Fiserv during the first quarter worth $1,722,584,000. Finally, Nuveen Asset Management LLC increased its holdings in shares of Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock worth $1,424,907,000 after acquiring an additional 340,938 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective on the stock. KeyCorp dropped their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Robert W. Baird dropped their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Jefferies Financial Group dropped their price objective 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, Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.08.

Fiserv Stock Up 0.3%

NYSE FI opened at $137.06 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50 day simple moving average is $156.38 and its 200 day simple moving average is $186.67. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market capitalization of $74.50 billion, a P/E ratio of 22.88, a PEG ratio of 0.89 and a beta of 0.91.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the firm earned $2.13 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the business’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 sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 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. 0.75% of the stock is owned by insiders.

Fiserv 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.