Sheaff Brock Investment Advisors LLC Has $204,000 Holdings in Fiserv, Inc. (NYSE:FI)

Sheaff Brock Investment Advisors LLC trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 30.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 925 shares of the business services provider’s stock after selling 400 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Fiserv were worth $204,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FI. Nemes Rush Group LLC raised its holdings in Fiserv by 6.5% in the first quarter. Nemes Rush Group LLC now owns 38,106 shares of the business services provider’s stock worth $8,415,000 after purchasing an additional 2,329 shares during the period. LPL Financial LLC raised its position in shares of Fiserv by 16.8% during the first quarter. LPL Financial LLC now owns 589,418 shares of the business services provider’s stock worth $130,161,000 after purchasing an additional 84,734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Fiserv by 2.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 300,271 shares of the business services provider’s stock valued at $66,309,000 after purchasing an additional 6,561 shares in the last quarter. Spectrum Wealth Counsel LLC acquired a new position in shares of Fiserv in the 1st quarter valued at approximately $1,003,000. Finally, Investment Management Corp VA ADV increased its stake in Fiserv by 24.4% during the 1st quarter. Investment Management Corp VA ADV now owns 2,857 shares of the business services provider’s stock worth $631,000 after purchasing an additional 560 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 directly owned 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 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 transaction, the insider owned 53,385 shares in the company, valued at $8,577,901.80. The trade was 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Susquehanna reduced their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Jefferies Financial Group dropped their price target on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research note on Tuesday, May 27th. Morgan Stanley reduced their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. UBS Group reduced their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Finally, Piper Sandler set a $218.00 price target on Fiserv in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $207.08.

Fiserv Stock Up 1.6%

Shares of NYSE FI opened at $142.24 on Wednesday. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. The stock’s fifty day moving average is $163.97 and its 200 day moving average is $194.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $77.32 billion, a P/E ratio of 23.75, a PEG ratio of 0.91 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.