Dynamic Advisor Solutions LLC Sells 854 Shares of Fiserv, Inc. (NYSE:FI)

Dynamic Advisor Solutions LLC cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,208 shares of the business services provider’s stock after selling 854 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Fiserv were worth $1,150,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FI. Avaii Wealth Management LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at $205,000. Tritonpoint Wealth LLC increased its position in shares of Fiserv by 7.6% during the 1st quarter. Tritonpoint Wealth LLC now owns 1,847 shares of the business services provider’s stock valued at $408,000 after purchasing an additional 131 shares during the last quarter. Stock Yards Bank & Trust Co. purchased a new stake in shares of Fiserv during the 1st quarter valued at $213,000. CVA Family Office LLC increased its position in shares of Fiserv by 2.5% during the 1st quarter. CVA Family Office LLC now owns 2,709 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 65 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its position in shares of Fiserv by 12.8% during the 1st quarter. Everhart Financial Group Inc. now owns 5,284 shares of the business services provider’s stock valued at $1,167,000 after purchasing an additional 598 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

NYSE:FI opened at $163.32 on Wednesday. The business has a 50 day moving average of $179.98 and a 200 day moving average of $202.78. The company has a market capitalization of $90.55 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.02 and a beta of 0.90. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. 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 (NYSE:FI) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. Fiserv’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has initiated a stock buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv 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 value of $904,320.00. Following the completion of the sale, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FI. Monness Crespi & Hardt lowered Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. Redburn Atlantic reaffirmed a “sell” rating and set a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. UBS Group decreased their price objective on Fiserv from $255.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, May 28th. Finally, Piper Sandler set a $218.00 price objective on Fiserv in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $220.27.

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.