Brooklyn Investment Group Buys 3,908 Shares of Fiserv, Inc. $FI

Key Points

• Brooklyn Investment Group significantly increased its stake in Fiserv, acquiring an additional 3,908 shares for a total of 8,322 shares valued at $1.84 million.
• Insider trading activity includes sales by executives Adam L. Rosman and Andrew Gelb, who both reduced their holdings in the company.
• Fiserv reported a quarterly EPS of $2.47, exceeding analyst estimates, and a year-over-year revenue increase of 8.0% to $5.20 billion.

Brooklyn Investment Group grew its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 88.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,322 shares of the business services provider's stock after acquiring an additional 3,908 shares during the period. Brooklyn Investment Group's holdings in Fiserv were worth $1,838,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versor Investments LP purchased a new stake in shares of Fiserv during the 1st quarter valued at approximately $415,000. Affinity Investment Advisors LLC lifted its stake in Fiserv by 18.6% in the 1st quarter. Affinity Investment Advisors LLC now owns 1,247 shares of the business services provider's stock worth $275,000 after purchasing an additional 196 shares in the last quarter. Foyston Gordon & Payne Inc raised its position in shares of Fiserv by 13.8% during the 1st quarter. Foyston Gordon & Payne Inc now owns 107,892 shares of the business services provider's stock valued at $23,826,000 after buying an additional 13,076 shares in the last quarter. 17 Capital Partners LLC raised its position in shares of Fiserv by 0.9% during the 1st quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider's stock valued at $1,659,000 after buying an additional 70 shares in the last quarter. Finally, Corient IA LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at $442,000. 90.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction 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 represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were 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 approximately $4,061,600. The trade was a 18.21% 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 Ratings Changes

A number of equities analysts recently commented on the stock. Susquehanna decreased their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. Tigress Financial lifted their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley dropped their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. UBS Group dropped their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Finally, Robert W. Baird decreased their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. One investment 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $207.08.

Fiserv Stock Performance

FI opened at $136.76 on Monday. The firm has a market cap of $74.34 billion, a P/E ratio of 22.83, a PEG ratio of 0.89 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 company has a 50 day simple moving average of $156.98 and a two-hundred day simple moving average of $187.22. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.

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