North Star Asset Management Inc. Has $64.24 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Key Points

• North Star Asset Management Inc. reduced its stake in Fiserv, Inc. by 1.8%, selling 5,481 shares during the first quarter, now holding 290,907 shares valued at approximately $64.24 million.
• Fiserv reported earnings of $2.47 per share for the latest quarter, exceeding estimates, with revenues reaching $5.20 billion—reflecting an 8.0% year-over-year growth.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with the average target price set at $207.08.

North Star Asset Management Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 290,907 shares of the business services provider's stock after selling 5,481 shares during the period. Fiserv comprises approximately 2.9% of North Star Asset Management Inc.'s holdings, making the stock its 2nd biggest position. North Star Asset Management Inc. owned approximately 0.05% of Fiserv worth $64,241,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in 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 acquiring an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 343.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after acquiring an additional 2,174,025 shares during the period. FMR LLC raised its stake in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares during the period. Winslow Capital Management LLC bought a new stake in Fiserv during the 4th quarter worth approximately $363,031,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after acquiring an additional 1,121,597 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI stock traded down $2.38 on Friday, reaching $136.56. The company's stock had a trading volume of 555,815 shares, compared to its average volume of 4,433,736. The stock's fifty day simple moving average is $163.09 and its 200-day simple moving average is $193.22. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. 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 $74.23 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 0.92 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 analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stephens decreased their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a research note on Friday, April 25th. Redburn Atlantic restated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Robert W. Baird reduced their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Finally, Tigress Financial lifted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $207.08.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction 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 directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 transaction, the executive vice president directly 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 owned by insiders.

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.