US Asset Management LLC Increases Stake in Fiserv, Inc. (NYSE:FI)

US Asset Management LLC grew its position in Fiserv, Inc. (NYSE:FI) by 30.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,406 shares of the business services provider’s stock after acquiring an additional 1,256 shares during the quarter. Fiserv comprises about 1.1% of US Asset Management LLC’s portfolio, making the stock its 21st largest position. US Asset Management LLC’s holdings in Fiserv were worth $1,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vega Investment Solutions purchased a new position in Fiserv in the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new position in Fiserv in the 4th quarter worth about $28,000. Campbell Capital Management Inc. purchased a new position in Fiserv in the 4th quarter worth about $37,000. Quarry LP increased its stake in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after buying an additional 70 shares during the period. Finally, Knuff & Co LLC purchased a new position in Fiserv in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FI shares. Barclays reduced 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. Wall Street Zen started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating on the stock. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target on the stock. in a research note on Wednesday, April 9th. Redburn Atlantic reaffirmed a “sell” rating and issued a $150.00 price target on shares of Fiserv in a research note on Thursday, April 17th. Finally, BMO Capital Markets reduced their price target on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.23.

Fiserv Stock Up 1.8%

NYSE:FI opened at $175.55 on Friday. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The stock has a market capitalization of $97.33 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.08 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The company’s 50-day simple moving average is $170.83 and its 200-day simple moving average is $199.47.

Fiserv (NYSE:FI) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the business earned $1.88 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents 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 firm’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 completion of the sale, the insider owned 53,385 shares in the company, 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. 0.74% of the stock is currently owned by company insiders.

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.