Woodstock Corp Sells 123 Shares of Fiserv, Inc. (NYSE:FI)

Woodstock Corp reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,669 shares of the business services provider’s stock after selling 123 shares during the quarter. Fiserv comprises about 1.5% of Woodstock Corp’s portfolio, making the stock its 17th biggest position. Woodstock Corp’s holdings in Fiserv were worth $15,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Wright Investors Service Inc. grew its stake in shares of Fiserv by 9.1% during the first quarter. Wright Investors Service Inc. now owns 3,068 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 255 shares during the last quarter. American National Bank & Trust lifted its holdings in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock valued at $18,956,000 after buying an additional 1,983 shares during the period. Czech National Bank lifted its holdings in Fiserv by 5.9% in the first quarter. Czech National Bank now owns 130,672 shares of the business services provider’s stock valued at $28,856,000 after buying an additional 7,319 shares during the period. Rhumbline Advisers lifted its holdings in Fiserv by 1.5% in the first quarter. Rhumbline Advisers now owns 1,083,343 shares of the business services provider’s stock valued at $239,234,000 after buying an additional 15,718 shares during the period. Finally, Bowman & Co S.C. lifted its holdings in Fiserv by 5.8% in the first quarter. Bowman & Co S.C. now owns 8,394 shares of the business services provider’s stock valued at $1,854,000 after buying an additional 459 shares during the period. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Susquehanna cut their price objective on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Finally, BMO Capital Markets cut their target price on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $221.84.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction 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 now directly owns 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The shares were 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 now owns 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. Company insiders own 0.74% of the company’s stock.

Fiserv Trading Up 1.7%

FI opened at $162.40 on Friday. The stock has a market capitalization of $90.04 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The firm’s fifty day simple moving average is $191.13 and its 200 day simple moving average is $207.15. 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 issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the business earned $1.88 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has authorized a stock repurchase 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 purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.