ASR Vermogensbeheer N.V. Purchases Shares of 27,267 Fiserv, Inc. (NYSE:FI)

Key Points

• ASR Vermogensbeheer N.V. has made a significant investment of approximately $6.02 million in Fiserv, acquiring 27,267 shares in the process.
• Institutional investors hold a substantial 90.98% of Fiserv’s stock, indicating strong institutional interest in the company.
• Recent transactions by insiders included the sale of shares by EVP Andrew Gelb, reducing his stake by 18.21%, highlighting insider trading activity within the firm.

ASR Vermogensbeheer N.V. acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,267 shares of the business services provider's stock, valued at approximately $6,022,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens Financial Group Inc. RI raised its holdings in Fiserv by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 13,333 shares of the business services provider's stock worth $2,944,000 after purchasing an additional 400 shares in the last quarter. Provident Investment Management Inc. increased its stake in shares of Fiserv by 0.5% in the 1st quarter. Provident Investment Management Inc. now owns 209,870 shares of the business services provider's stock worth $46,346,000 after acquiring an additional 1,033 shares in the last quarter. Strategy Asset Managers LLC purchased a new position in Fiserv during the 1st quarter valued at about $662,000. Hemington Wealth Management lifted its position in Fiserv by 8.3% during the 1st quarter. Hemington Wealth Management now owns 936 shares of the business services provider's stock valued at $206,000 after acquiring an additional 72 shares during the period. Finally, WealthShield Partners LLC grew its holdings in Fiserv by 3.2% in the first quarter. WealthShield Partners LLC now owns 11,823 shares of the business services provider's stock worth $2,611,000 after purchasing an additional 367 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock traded up $0.40 on Friday, hitting $133.10. 3,927,627 shares of the company's stock were exchanged, compared to its average volume of 7,009,811. 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 $72.35 billion, a PE ratio of 22.22, a PEG ratio of 0.86 and a beta of 0.91. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The company has a 50-day simple moving average of $159.99 and a 200-day simple moving average of $190.21.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Fiserv's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 earnings per share. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, 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 0.74% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on FI shares. Tigress Financial raised their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Citigroup lowered their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Piper Sandler set a $218.00 target price on Fiserv in a report on Friday, April 25th. Jefferies Financial Group cut their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Finally, Royal Bank Of Canada set a $237.00 price target on Fiserv in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $207.08.

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.