New Age Alpha Advisors LLC Has $3.59 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

New Age Alpha Advisors LLC lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 16,700.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,472 shares of the business services provider's stock after acquiring an additional 17,368 shares during the period. New Age Alpha Advisors LLC's holdings in Fiserv were worth $3,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Valley National Advisers Inc. bought a new position in shares of Fiserv during the 4th quarter valued at about $29,000. Marshall Investment Management LLC bought a new position in Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv during the fourth quarter worth $37,000. Finally, Knuff & Co LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $45,000. Institutional investors own 90.98% of the company's stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

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Fiserv Price Performance

FI traded up $2.80 on Wednesday, hitting $224.81. 1,596,767 shares of the stock were exchanged, compared to its average volume of 2,637,865. The firm has a market capitalization of $126.18 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The business has a 50-day moving average of $222.51 and a two-hundred day moving average of $208.84.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FI shares. Keefe, Bruyette & Woods upped their price objective on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. StockNews.com assumed coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. The Goldman Sachs Group upgraded shares of Fiserv from a "neutral" rating to a "buy" rating and increased their target price for the stock from $246.00 to $260.00 in a report on Wednesday. Royal Bank of Canada lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Susquehanna increased their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $243.64.

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.