Fiduciary Family Office LLC Makes New 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 acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,536 shares of the business services provider's stock, valued at approximately $2,547,000. Fiserv accounts for about 0.8% of Fiduciary Family Office LLC's portfolio, making the stock its 16th largest position.

Several other hedge funds have also added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC raised its position in shares of Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after purchasing an additional 230 shares during the period. American National Bank & Trust increased its holdings in Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after acquiring an additional 1,983 shares during the period. Evercore Wealth Management LLC bought a new stake in Fiserv during the 4th quarter worth approximately $54,981,000. Meridian Wealth Advisors LLC increased its holdings in Fiserv by 4.1% during the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after acquiring an additional 1,046 shares during the period. Finally, Beck Mack & Oliver LLC increased its holdings in Fiserv by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock worth $105,463,000 after acquiring an additional 2,589 shares during the period. Institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FI shares. Morgan Stanley decreased their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Mizuho decreased their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. Stephens cut their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Finally, Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $207.08.

Fiserv Trading Up 0.3%

NYSE:FI opened at $133.10 on Friday. The company has a 50-day moving average price of $159.99 and a 200-day moving average price of $190.21. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market cap of $72.35 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 0.86 and a beta of 0.91.

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

Insider Activity

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated 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 approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

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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