Atria Investments Inc Increases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Key Points

• Atria Investments Inc increased its stake in Fiserv, Inc. by 8.0% in Q1, acquiring an additional 4,005 shares, bringing their total holdings to 53,904 shares valued at $11.9 million.
• Fiserv's recent earnings report showed $2.47 EPS, exceeding the analysts' expectations of $2.43, with revenue of $5.2 billion for the quarter, marking an 8% increase year-over-year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Fiserv, with an average price target of approximately $210.54, despite recent price target adjustments from several firms.

Atria Investments Inc raised its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,904 shares of the business services provider's stock after purchasing an additional 4,005 shares during the quarter. Atria Investments Inc's holdings in Fiserv were worth $11,904,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FI. Vega Investment Solutions purchased a new stake in Fiserv during the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at $28,000. Abound Financial LLC purchased a new stake in shares of Fiserv in the first quarter valued at $38,000. Quarry LP raised its stake in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the 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 completion of the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $403,628.16. Following the sale, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FI shares. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Piper Sandler set a $218.00 price target on shares of Fiserv in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday. Mizuho set a $200.00 target price on shares of Fiserv in a report on Thursday, May 15th. Finally, The Goldman Sachs Group dropped their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $208.42.

Fiserv Trading Up 0.9%

NYSE:FI traded up $1.27 on Monday, reaching $143.30. 2,077,058 shares of the company's stock were exchanged, compared to its average volume of 4,391,287. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $79.45 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91. The business has a fifty day moving average of $165.03 and a 200-day moving average of $194.80. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $5.20 billion during 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 company's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.