ASR Vermogensbeheer N.V. Makes New Investment in 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. bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,267 shares of the business services provider's stock, valued at approximately $6,022,000.

A number of other institutional investors have also added to or reduced their stakes in FI. GAMMA Investing LLC increased its stake in shares of Fiserv by 21,681.0% during the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after purchasing an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Fiserv by 343.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after purchasing an additional 2,174,025 shares during the period. Winslow Capital Management LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $363,031,000. Northern Trust Corp increased its stake in shares of Fiserv by 19.5% during the fourth quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after purchasing an additional 1,014,126 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in shares of Fiserv by 29.4% during the first quarter. Pictet Asset Management Holding SA now owns 2,878,455 shares of the business services provider's stock worth $635,308,000 after purchasing an additional 654,228 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.2%

FI traded down $0.29 during midday trading on Monday, hitting $132.95. 921,095 shares of the company were exchanged, compared to its average volume of 4,472,736. The firm has a market capitalization of $72.27 billion, a P/E ratio of 22.20, a P/E/G ratio of 0.87 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 firm's 50 day moving average price is $159.99 and its 200-day moving average price is $189.97. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The firm's 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 EPS. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Mizuho lowered their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. Susquehanna lowered their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. Jefferies Financial Group lowered their price objective 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, Piper Sandler set a $218.00 price target on Fiserv in a research note 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 issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and an average target price of $207.08.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the business's 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 sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Company 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.