Aspire Growth Partners LLC Buys Shares of 5,197 Fiserv, Inc. (NYSE:FI)

Aspire Growth Partners LLC bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,197 shares of the business services provider's stock, valued at approximately $1,068,000. Fiserv makes up 1.0% of Aspire Growth Partners LLC's portfolio, making the stock its 25th biggest holding.

Several other large investors also recently bought and sold shares of FI. Geode Capital Management LLC lifted its holdings in shares of Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after acquiring an additional 218,833 shares during the last quarter. FMR LLC lifted its holdings in shares of Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after purchasing an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after purchasing an additional 1,121,597 shares during the period. Norges Bank purchased a new stake in Fiserv during the 4th quarter valued at approximately $1,406,452,000. Finally, Northern Trust Corp increased its stake in Fiserv by 19.5% in the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock valued at $1,274,984,000 after buying an additional 1,014,126 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of NYSE:FI traded down $0.19 on Tuesday, hitting $185.31. The company had a trading volume of 2,519,447 shares, compared to its average volume of 2,814,590. The stock has a 50 day moving average price of $210.16 and a 200 day moving average price of $211.64. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a market cap of $102.74 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released 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. The business 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 17.93% and a net margin of 15.31%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 EPS. Analysts expect that Fiserv, Inc. will post 10.23 EPS for the current 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 usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on FI. Piper Sandler set a $218.00 target price on shares of Fiserv in a report on Friday, April 25th. Susquehanna dropped their target price on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. BMO Capital Markets decreased their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price target (up previously from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Finally, Wells Fargo & Company lifted their target price on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $230.00.

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.