2,403 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,403 shares of the business services provider's stock, valued at approximately $503,000.

A number of other hedge funds have also recently modified their holdings of FI. Vega Investment Solutions acquired a new position in Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC purchased a new position in Fiserv in the fourth quarter worth approximately $28,000. Campbell Capital Management Inc. acquired a new position in Fiserv during the 4th quarter worth approximately $37,000. Quarry LP increased its position in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Knuff & Co LLC acquired a new position in shares of Fiserv during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of Fiserv stock traded up $1.11 during trading on Friday, hitting $172.47. 3,934,470 shares of the stock were exchanged, compared to its average volume of 3,339,630. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The stock's fifty day moving average is $174.06 and its 200 day moving average is $200.74. The stock has a market cap of $95.62 billion, a PE 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 posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.88 earnings per share. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In other news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 now owns 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on FI shares. The Goldman Sachs Group dropped their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. BMO Capital Markets reduced their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wall Street Zen began coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Mizuho set a $200.00 price target on shares of Fiserv in a research note on Thursday, May 15th. Finally, Barclays dropped their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

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.