Resonant Capital Advisors LLC Takes $314,000 Position in Fiserv, Inc. (NYSE:FI)

Resonant Capital Advisors LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,362 shares of the business services provider’s stock, valued at approximately $314,000.

Several other institutional investors have also recently modified their holdings of the stock. Comerica Bank purchased a new stake in Fiserv in the 2nd quarter worth approximately $200,000. West Oak Capital LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Fortitude Family Office LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Finally, PCA Investment Advisory Services Inc. purchased a new stake in shares of Fiserv during the 2nd quarter valued at $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of Fiserv stock opened at $148.62 on Friday. The firm has a market cap of $87.50 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The firm’s 50-day simple moving average is $151.81 and its 200-day simple moving average is $136.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.91 EPS. Equities analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FI. Truist Financial boosted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. StockNews.com began coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, KeyCorp raised shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research report on Monday, January 8th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

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.