Fiserv, Inc. (NYSE:FI) Shares Acquired by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its holdings in Fiserv, Inc. by 78.4%, acquiring 13,706 additional shares, bringing its total to 31,178 shares valued at approximately $6.88 million.
• Fiserv recently reported earnings per share of $2.47, surpassing analyst expectations of $2.43, with a quarterly revenue of $5.20 billion, marking an 8% increase compared to the same quarter last year.
• The stock has a consensus rating of "Moderate Buy" among analysts, with a target price average of $207.08, indicating a generally positive outlook for the company's future performance.

New Age Alpha Advisors LLC increased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 78.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,178 shares of the business services provider's stock after purchasing an additional 13,706 shares during the period. New Age Alpha Advisors LLC's holdings in Fiserv were worth $6,885,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FI. Vega Investment Solutions purchased a new stake in Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $28,000. Abound Financial LLC acquired a new stake in shares of Fiserv in the first quarter worth $38,000. Quarry LP boosted its holdings in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Fiserv during the fourth quarter worth $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NYSE FI traded down $1.50 during midday trading on Thursday, hitting $132.54. The company had a trading volume of 6,306,037 shares, compared to its average volume of 6,911,371. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The business has a 50-day simple moving average of $160.58 and a two-hundred day simple moving average of $190.74. The firm has a market capitalization of $72.05 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 0.87 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 earnings per share for the quarter, beating 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 the consensus estimate of $5.20 billion. During the same period last year, the firm posted $2.13 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts anticipate 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 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 directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The sale 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 business'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 completion of the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on FI shares. UBS Group decreased their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Barclays set a $175.00 price target on shares of Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Piper Sandler set a $218.00 price objective on shares of Fiserv in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.08.

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.