Little House Capital LLC Purchases New Shares in Fiserv, Inc. (NYSE:FI)

Little House Capital LLC purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,820 shares of the business services provider's stock, valued at approximately $623,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Fiserv in the 4th quarter valued at $1,406,452,000. GAMMA Investing LLC increased its stake in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after buying an additional 3,804,358 shares during the period. Raymond James Financial Inc. acquired a new position in Fiserv in the 4th quarter valued at $614,982,000. Kovitz Investment Group Partners LLC increased 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 buying an additional 2,174,025 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Fiserv by 65.6% in 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 buying an additional 2,153,554 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 0.6%

Shares of FI stock opened at $172.47 on Friday. The firm has a market cap of $95.62 billion, a P/E ratio of 30.47, a PEG ratio of 1.06 and a beta of 0.90. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm's 50-day simple moving average is $173.34 and its 200-day simple moving average is $200.54.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate 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 company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.88 EPS. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the firm'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 transaction, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction 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 position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FI. Truist Financial began coverage on shares of Fiserv in a research note on Monday, June 2nd. They issued a "buy" rating and a $181.00 price objective on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Barclays lowered their price target 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. Citigroup lowered their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $150.00 price target on shares of Fiserv in a research note on Thursday, April 17th. Two equities 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 stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

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.

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