Wealthspire Advisors LLC Acquires 11,323 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• Wealthspire Advisors LLC increased its stake in Fiserv, Inc. by 89.0% in the first quarter, owning 24,044 shares valued at approximately $5.31 million.
• Wall Street analysts have mixed opinions on Fiserv, with an average rating of "Moderate Buy" and price targets ranging from $185.00 to $267.00.
• Notable insider transactions occurred, with Adam L. Rosman and EVP Andrew Gelb selling shares, reducing their stakes in the company significantly.

Wealthspire Advisors LLC lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 89.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,044 shares of the business services provider's stock after purchasing an additional 11,323 shares during the quarter. Wealthspire Advisors LLC's holdings in Fiserv were worth $5,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bank of Nova Scotia lifted its position in Fiserv by 0.9% in the 4th quarter. Bank of Nova Scotia now owns 91,750 shares of the business services provider's stock worth $18,853,000 after buying an additional 843 shares during the last quarter. APG Asset Management N.V. boosted its stake in Fiserv by 315.9% in the fourth quarter. APG Asset Management N.V. now owns 433,161 shares of the business services provider's stock worth $85,929,000 after buying an additional 329,000 shares in the last quarter. Winslow Capital Management LLC bought a new position in Fiserv during the fourth quarter valued at approximately $363,031,000. Finally, TRUE Private Wealth Advisors raised its stake in shares of Fiserv by 11.8% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,711 shares of the business services provider's stock worth $352,000 after acquiring an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 0.3%

FI traded up $0.40 during trading on Friday, reaching $133.10. The stock had a trading volume of 3,927,627 shares, compared to its average volume of 7,009,811. 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 company has a market capitalization 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. The stock's 50 day moving average is $160.58 and its two-hundred day moving average is $190.74. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (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 company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period last year, the business earned $2.13 EPS. Fiserv's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on FI. Robert W. Baird reduced their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Stephens decreased their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Redburn Atlantic restated a "sell" rating and set a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Piper Sandler set a $218.00 price target on Fiserv in a research note on Friday, April 25th. Finally, Mizuho lowered their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction 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 transaction, the executive vice president 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 currently 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.