Atria Wealth Solutions Inc. Sells 3,677 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Fiserv, Inc. by 18.2% in the first quarter, selling 3,677 shares and holding a total of 16,475 shares worth approximately $3.6 million.
• Multiple institutional investors, including New Age Alpha Advisors and Thoroughbred Financial Services, have adjusted their stakes in Fiserv, indicating a trend in shifting institutional interest.
• Fiserv reported a 10.23 EPS projection for the fiscal year, with a recent earnings report showing a growth in revenue of 8.0% year-over-year and an EPS of $2.47.

Atria Wealth Solutions Inc. cut its position in Fiserv, Inc. (NYSE:FI - Free Report) by 18.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,475 shares of the business services provider's stock after selling 3,677 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Fiserv were worth $3,638,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FI. Vega Investment Solutions purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC purchased a new position in shares of Fiserv during the first quarter valued at approximately $38,000. Quarry LP boosted its position in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Fiserv in the fourth quarter worth $54,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FI shares. Truist Financial boosted their price objective on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Royal Bank Of Canada set a $237.00 price objective on Fiserv in a report on Friday, April 25th. Robert W. Baird dropped their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Morgan Stanley dropped their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Finally, Piper Sandler set a $218.00 target price on Fiserv in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.08.

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company'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 transaction of $904,320.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the company's 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 sale, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% 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 insiders.

Fiserv Stock Up 0.1%

Shares of Fiserv stock traded up $0.14 on Tuesday, reaching $132.36. The company's stock had a trading volume of 857,108 shares, compared to its average volume of 4,465,791. The company has a market capitalization of $71.95 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.87 and a beta of 0.91. The firm's fifty day simple moving average is $159.40 and its two-hundred day simple moving average is $189.43. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. 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 released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the business posted $2.13 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.