Fiduciary Family Office LLC Makes New $2.55 Million Investment in Fiserv, Inc. (NYSE:FI)

Key Points

• Fiduciary Family Office LLC has acquired 11,536 shares of Fiserv, Inc., valued at approximately $2,547,000, making it the office's 16th largest position in their portfolio.
• Several hedge funds are adjusting their stakes in Fiserv, with notable increases from Kestra Private Wealth Services LLC and American National Bank & Trust, while institutional investors collectively own 90.98% of the company's stock.
• Fiserv reported an EPS of $2.47 for the last quarter, exceeding estimates, with a quarterly revenue increase of 8.0% compared to the same period last year.

Fiduciary Family Office LLC bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,536 shares of the business services provider's stock, valued at approximately $2,547,000. Fiserv makes up 0.8% of Fiduciary Family Office LLC's portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vega Investment Solutions purchased a new stake in Fiserv during the 4th quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in Fiserv during the fourth quarter worth approximately $28,000. Abound Financial LLC purchased a new position in Fiserv during the first quarter worth approximately $38,000. Quarry LP lifted its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Fiserv during the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 1.4%

Shares of NYSE:FI traded up $1.88 on Wednesday, hitting $134.20. 2,255,803 shares of the company's stock were exchanged, compared to its average volume of 4,465,127. The firm's 50-day moving average is $158.80 and its 200 day moving average is $189.03. The company has a market capitalization of $72.95 billion, a PE ratio of 22.41, a P/E/G ratio of 0.86 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 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 posted its earnings results 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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the business earned $2.13 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In other Fiserv news, 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 approximately $4,061,600. This represents a 18.21% 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group reduced their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. BMO Capital Markets reduced their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective on the stock. Jefferies Financial Group reduced their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. reduced their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One investment 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $207.08.

Fiserv 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.