FDx Advisors Inc. Sells 201 Shares of Fiserv, Inc. (NYSE:FI)

FDx Advisors Inc. lowered its holdings in Fiserv, Inc. (NYSE:FI) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,157 shares of the business services provider’s stock after selling 201 shares during the quarter. FDx Advisors Inc.’s holdings in Fiserv were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Arizona State Retirement System raised its position in Fiserv by 0.3% in the 1st quarter. Arizona State Retirement System now owns 166,961 shares of the business services provider’s stock worth $36,870,000 after buying an additional 480 shares during the last quarter. Kathmere Capital Management LLC raised its position in Fiserv by 6.8% in the 1st quarter. Kathmere Capital Management LLC now owns 1,382 shares of the business services provider’s stock worth $305,000 after buying an additional 88 shares during the last quarter. Ballentine Partners LLC raised its position in Fiserv by 6.6% in the 1st quarter. Ballentine Partners LLC now owns 8,519 shares of the business services provider’s stock worth $1,881,000 after buying an additional 529 shares during the last quarter. IFC Advisors LLC raised its position in Fiserv by 2.3% in the 1st quarter. IFC Advisors LLC now owns 4,722 shares of the business services provider’s stock worth $1,043,000 after buying an additional 107 shares during the last quarter. Finally, Xponance Inc. raised its position in Fiserv by 1.4% in the 1st quarter. Xponance Inc. now owns 99,812 shares of the business services provider’s stock worth $22,041,000 after buying an additional 1,334 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the company’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 completion of the transaction, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company’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 transaction, the executive vice president owned 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. Corporate insiders own 0.74% of the company’s stock.

Fiserv Trading Down 2.6%

Fiserv stock opened at $165.21 on Friday. The firm has a 50 day moving average of $169.52 and a 200 day moving average of $198.19. The firm has a market capitalization of $91.60 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.01 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $153.77 and a 12-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.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the company posted $1.88 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. Tigress Financial boosted their target price on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Mizuho set a $200.00 target price on Fiserv in a research report on Thursday, May 15th. 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. Robert W. Baird reduced their price target on shares of Fiserv from $250.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, June 18th. Finally, Barclays lowered their price objective on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $221.23.

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.