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

New Age Alpha Advisors LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 16,700.0% in the fourth quarter, HoldingsChannel reports. The fund 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 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FI. Norges Bank acquired a new stake in shares of Fiserv in the fourth quarter valued at about $1,406,452,000. NEOS Investment Management LLC grew its stake in Fiserv by 31.6% in the fourth quarter. NEOS Investment Management LLC now owns 36,294 shares of the business services provider’s stock valued at $7,456,000 after purchasing an additional 8,711 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Fiserv by 7.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 907,796 shares of the business services provider’s stock worth $189,339,000 after purchasing an additional 59,434 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Fiserv during the 4th quarter worth approximately $1,089,000. Finally, Borer Denton & Associates Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $205,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on FI. Susquehanna upped their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Oppenheimer lifted their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. StockNews.com assumed coverage on Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating on the stock. Finally, Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus target price of $242.32.

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.

Fiserv Stock Performance

Shares of NYSE:FI opened at $216.15 on Friday. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The stock has a market capitalization of $121.32 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth 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. The company’s 50 day simple moving average is $222.00 and its 200 day simple moving average is $207.67.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.