Abacus Wealth Partners LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,336 shares of the business services provider’s stock, valued at approximately $642,000.
A number of other large investors also recently modified their holdings of FI. ST Germain D J Co. Inc. boosted its position in Fiserv by 8.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 4,794 shares of the business services provider’s stock worth $27,000 after buying an additional 354 shares during the period. Atlas Capital Advisors LLC grew its stake in shares of Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after purchasing an additional 128 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in Fiserv in the first quarter valued at $27,000. Coppell Advisory Solutions Corp. bought a new position in Fiserv during the 4th quarter worth $30,000. Finally, Dark Forest Capital Management LP acquired a new position in Fiserv during the 1st quarter worth about $32,000. 89.69% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
FI has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on Fiserv from $120.00 to $130.00 in a research report on Wednesday, July 19th. StockNews.com lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Credit Suisse Group lifted their target price on shares of Fiserv from $135.00 to $140.00 in a research note on Thursday, July 27th. Raymond James upped their price target on shares of Fiserv from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, Susquehanna lifted their price objective on Fiserv from $140.00 to $170.00 in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.90.
Fiserv Trading Down 0.1 %
Shares of FI stock opened at $121.61 on Wednesday. Fiserv, Inc. has a 52-week low of $91.55 and a 52-week high of $130.74. The company has a 50-day simple moving average of $124.53 and a two-hundred day simple moving average of $119.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $74.14 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.27 and a beta of 0.88.
Fiserv (NYSE:FI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.81 EPS for the quarter, meeting analysts’ consensus estimates of $1.81. Fiserv had a return on equity of 14.15% and a net margin of 13.60%. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the business posted $1.56 earnings per share. Fiserv’s revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that Fiserv, Inc. will post 7.44 EPS for the current fiscal year.
Insider Transactions at Fiserv
In other Fiserv news, COO Guy Chiarello sold 6,750 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.92, for a total value of $822,960.00. Following the transaction, the chief operating officer now directly owns 167,106 shares in the company, valued at $20,373,563.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 20,250 shares of company stock worth $2,512,688 in the last ninety days. Company insiders own 18.20% of the company’s stock.
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.
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