Atria Wealth Solutions Inc. Trims Stake in 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. lowered its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 18.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 institutional investors and hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC raised its holdings in shares of Fiserv by 78.4% in the 1st quarter. New Age Alpha Advisors LLC now owns 31,178 shares of the business services provider's stock valued at $6,885,000 after buying an additional 13,706 shares during the period. Thoroughbred Financial Services LLC raised its holdings in shares of Fiserv by 1.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 13,740 shares of the business services provider's stock valued at $3,034,000 after buying an additional 170 shares during the period. ROI Financial Advisors LLC purchased a new stake in shares of Fiserv in the 1st quarter valued at $215,000. Kickstand Ventures LLC. purchased a new stake in shares of Fiserv in the 1st quarter valued at $248,000. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Fiserv in the 1st quarter valued at $364,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Jefferies Financial Group cut their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Tigress Financial boosted their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. KeyCorp lowered their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lowered their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $207.08.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the executive vice president directly 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 disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Fiserv Trading Down 1.1%

FI opened at $132.54 on Friday. The company has a market cap of $72.05 billion, a P/E ratio of 22.13, a PEG ratio of 0.87 and a beta of 0.91. 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, Inc. has a one year low of $128.22 and a one year high of $238.59. The business's 50-day simple moving average is $160.58 and its 200-day simple moving average is $190.74.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results 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 firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.

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