Fiserv, Inc. (NYSE:FI) Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 60.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,675 shares of the business services provider's stock after acquiring an additional 4,033 shares during the quarter. Transcend Capital Advisors LLC's holdings in Fiserv were worth $2,357,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Fiserv in the 4th quarter valued at approximately $1,406,452,000. GAMMA Investing LLC raised its stake in shares of Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after buying an additional 3,804,358 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth about $614,982,000. Kovitz Investment Group Partners LLC grew its stake in Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after acquiring an additional 2,174,025 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI opened at $172.47 on Friday. The company has a 50 day moving average of $173.34 and a two-hundred day moving average of $200.54. Fiserv, Inc. has a 52-week low of $146.46 and a 52-week high of $238.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The company has a market cap of $95.62 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.06 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the prior year, the company earned $1.88 EPS. The firm's revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Activity

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider now owns 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company'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 transaction, the executive vice president now directly owns 25,385 shares of the company's stock, valued at approximately $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. Insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FI shares. UBS Group reduced their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Piper Sandler set a $218.00 price target on Fiserv in a research note on Friday, April 25th. Tigress Financial raised their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Finally, BMO Capital Markets reduced their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $221.23.

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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