Sendero Wealth Management LLC Sells 1,497 Shares of Fiserv, Inc. (NYSE:FI)

Sendero Wealth Management LLC cut its position in shares of Fiserv, Inc. (NYSE:FI) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,186 shares of the business services provider’s stock after selling 1,497 shares during the period. Fiserv comprises 1.3% of Sendero Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Sendero Wealth Management LLC’s holdings in Fiserv were worth $7,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Federated Hermes Inc. increased its holdings in shares of Fiserv by 67.3% in the 3rd quarter. Federated Hermes Inc. now owns 8,173 shares of the business services provider’s stock valued at $923,000 after acquiring an additional 3,288 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Fiserv by 5.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 30,957 shares of the business services provider’s stock valued at $3,497,000 after purchasing an additional 1,663 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings in shares of Fiserv by 3.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 18,256 shares of the business services provider’s stock valued at $2,073,000 after buying an additional 632 shares during the period. Trexquant Investment LP acquired a new position in shares of Fiserv in the 3rd quarter valued at about $4,911,000. Finally, Qube Research & Technologies Ltd raised its holdings in Fiserv by 270.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,721,024 shares of the business services provider’s stock worth $194,407,000 after purchasing an additional 1,255,975 shares during the period. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FI. Barclays upped their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Robert W. Baird upped their price target on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen upped their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, BMO Capital Markets upped their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Trading Down 0.0 %

NYSE:FI traded down $0.04 during trading hours on Friday, reaching $149.04. 3,925,738 shares of the stock were exchanged, compared to its average volume of 2,514,187. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average of $150.81 and a two-hundred day moving average of $147.01. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a market capitalization of $87.20 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.21 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Activity

In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,729 shares of company stock worth $7,611,991. Corporate insiders own 0.75% of the company’s stock.

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.