Strategy Asset Managers LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Key Points

• Strategy Asset Managers LLC invested $662,000 in Fiserv, acquiring 2,996 shares during the first quarter, further reflecting strong institutional interest in the company.
• Fiserv reported a 2.47 EPS for the latest quarter, exceeding analysts' expectations and demonstrating an 8% year-over-year revenue growth with total revenue of $5.20 billion.
• Analysts' ratings for Fiserv vary, with the stock holding a consensus of "Moderate Buy" and an average target price of $207.08, showcasing diverse market sentiment.

Strategy Asset Managers LLC purchased a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,996 shares of the business services provider's stock, valued at approximately $662,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC lifted its stake in Fiserv by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after purchasing an additional 230 shares during the last quarter. American National Bank & Trust raised its holdings in shares of Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after purchasing an additional 1,983 shares during the period. Evercore Wealth Management LLC bought a new position in shares of Fiserv in the 4th quarter worth about $54,981,000. Meridian Wealth Advisors LLC lifted its position in shares of Fiserv by 4.1% in the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after buying an additional 1,046 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in shares of Fiserv by 0.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock valued at $105,463,000 after buying an additional 2,589 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents 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.

Fiserv Price Performance

Shares of NYSE:FI traded up $0.40 during trading hours on Friday, hitting $133.10. 3,927,627 shares of the company's stock traded hands, compared to its average volume of 7,009,811. The company's fifty day simple moving average is $159.99 and its two-hundred day simple moving average is $190.21. The company has a market cap of $72.35 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm'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. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FI. Mizuho dropped their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. Susquehanna dropped their price target on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. BMO Capital Markets cut their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. KeyCorp lowered their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Piper Sandler set a $218.00 target price on Fiserv in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $207.08.

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.