Fiserv, Inc. (NYSE:FI) Stock Holdings Lifted by Assetmark Inc.

Key Points

• Assetmark Inc. increased its stake in Fiserv, Inc. by 4.5% during the first quarter, owning 91,414 shares valued at $20.19 million according to recent SEC filings.
• Fiserv's recent earnings report showed an EPS of $2.47, exceeding analysts' expectations by $0.04, with revenue remaining stable at $5.20 billion.
• The stock has a current market capitalization of $78.73 billion and a consensus rating of "Moderate Buy", with a price target averaging around $210.54 from several brokerages.

Assetmark Inc. boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,414 shares of the business services provider's stock after purchasing an additional 3,933 shares during the period. Assetmark Inc.'s holdings in Fiserv were worth $20,187,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after acquiring an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC raised its stake in shares of Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after acquiring an additional 2,174,025 shares during the period. Alliancebernstein L.P. raised its stake in shares of Fiserv by 65.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares during the period. FMR LLC grew its holdings in Fiserv by 22.5% during 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 in the last quarter. Finally, Winslow Capital Management LLC acquired a new stake in Fiserv during the 4th quarter valued at $363,031,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FI shares. Keefe, Bruyette & Woods lowered their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Robert W. Baird lowered their price target on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday. UBS Group lowered their price target on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday. Morgan Stanley lowered their price target on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Finally, Citigroup lowered their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.42.

Fiserv Price Performance

Shares of FI stock traded down $2.03 during midday trading on Monday, reaching $140.00. 7,905,433 shares of the company were exchanged, compared to its average volume of 4,434,574. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market cap of $77.62 billion, a P/E ratio of 23.37, a PEG ratio of 0.92 and a beta of 0.91. The company's 50 day moving average price is $165.03 and its two-hundred day moving average price is $194.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current 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, topping the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred 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 transaction, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company's stock.

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.