Fiserv, Inc. (NYSE:FI) Shares Sold by Dohj LLC

Dohj LLC cut its holdings in Fiserv, Inc. (NYSE:FI) by 4.7% during the first quarter, Holdings Channel reports. The institutional investor owned 3,929 shares of the business services provider’s stock after selling 194 shares during the period. Dohj LLC’s holdings in Fiserv were worth $868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Fiserv in the fourth quarter valued at $257,000. Principal Financial Group Inc. increased its position in shares of Fiserv by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider’s stock worth $190,875,000 after purchasing an additional 7,183 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $79,000. American National Bank & Trust increased its position in shares of Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock worth $18,956,000 after purchasing an additional 1,983 shares in the last quarter. Finally, bLong Financial LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $265,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on FI shares. UBS Group cut their target price on Fiserv from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, May 28th. Jefferies Financial Group cut their target price on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. Wall Street Zen started coverage on Fiserv in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. The Goldman Sachs Group cut their target price on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Finally, Susquehanna cut their target price on Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, April 25th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.27.

Fiserv Price Performance

Shares of FI opened at $162.79 on Friday. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The stock’s 50 day moving average is $181.52 and its two-hundred day moving average is $203.56. The firm has a market capitalization of $90.26 billion, a PE ratio of 30.20, a P/E/G ratio of 1.52 and a beta of 0.90. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. 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 previous year, the company earned $1.88 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has approved a stock buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Fiserv

In other news, 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 sale, the executive vice president now owns 25,385 shares of the company’s stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

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.