Crewe Advisors LLC Increases Position in Fiserv, Inc. (NYSE:FI)

Crewe Advisors LLC raised its position in Fiserv, Inc. (NYSE:FI) by 57.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,257 shares of the business services provider’s stock after purchasing an additional 460 shares during the quarter. Crewe Advisors LLC’s holdings in Fiserv were worth $142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Fiserv by 106.5% in the first quarter. FMR LLC now owns 11,185,985 shares of the business services provider’s stock valued at $1,264,352,000 after acquiring an additional 5,770,118 shares in the last quarter. Morgan Stanley boosted its stake in Fiserv by 131.3% in the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after acquiring an additional 5,666,145 shares in the last quarter. Norges Bank acquired a new position in Fiserv in the fourth quarter valued at $547,079,000. Price T Rowe Associates Inc. MD boosted its stake in Fiserv by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,232,748 shares of the business services provider’s stock valued at $5,380,233,000 after acquiring an additional 4,926,365 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in Fiserv by 135,763.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock valued at $463,721,000 after acquiring an additional 4,584,740 shares in the last quarter. Hedge funds and other institutional investors own 89.69% of the company’s stock.

Fiserv Trading Up 0.4 %

NYSE FI traded up $0.48 during mid-day trading on Wednesday, reaching $122.29. 411,863 shares of the stock were exchanged, compared to its average volume of 3,269,645. Fiserv, Inc. has a 1-year low of $91.55 and a 1-year high of $130.74. The business’s fifty day simple moving average is $124.82 and its 200 day simple moving average is $119.05. The stock has a market capitalization of $74.55 billion, a PE ratio of 30.68, a PEG ratio of 1.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.10 and a current ratio of 1.10.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 26th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.81. Fiserv had a net margin of 13.60% and a return on equity of 14.15%. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business earned $1.56 earnings per share. Fiserv’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Fiserv, Inc. will post 7.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Fiserv from $136.00 to $146.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. StockNews.com assumed coverage on shares of Fiserv in a research note on Thursday, August 17th. They set a “buy” rating for the company. B. Riley increased their target price on shares of Fiserv from $148.00 to $151.00 in a research note on Thursday, July 27th. Susquehanna raised their price objective on shares of Fiserv from $140.00 to $170.00 in a research report on Thursday, July 27th. Finally, Citigroup raised their price objective on shares of Fiserv from $140.00 to $150.00 in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.90.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 6,750 shares of Fiserv stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $124.58, for a total value of $840,915.00. Following the transaction, the chief operating officer now owns 180,606 shares in the company, valued at approximately $22,499,895.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 20,250 shares of company stock worth $2,512,688 in the last quarter. 1.00% of the stock is owned by insiders.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.