Strategy Asset Managers LLC Makes New $662,000 Investment 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 bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,996 shares of the business services provider's stock, valued at approximately $662,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after buying an additional 535,407 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after buying an additional 253,544 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after purchasing an additional 340,938 shares in the last quarter. Northern Trust Corp increased its stake in shares of Fiserv by 19.5% during the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after purchasing an additional 1,014,126 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Fiserv by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider's stock worth $1,055,301,000 after purchasing an additional 190,527 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.3%

Shares of FI traded up $0.40 during mid-day trading on Friday, reaching $133.10. The company had a trading volume of 3,927,627 shares, compared to its average volume of 7,009,811. The stock has a market cap of $72.35 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The firm has a fifty day simple moving average of $159.99 and a 200-day simple moving average of $190.08. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week 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.

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. The business had revenue of $5.20 billion for 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%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FI shares. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. BMO Capital Markets dropped their price objective on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group dropped their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. UBS Group dropped their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Finally, Citigroup dropped their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $207.08.

Insider Buying and Selling at Fiserv

In related 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 transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

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.