Goodman Advisory Group LLC Invests $52,000 in Fiserv, Inc. (NYSE:FI)

Goodman Advisory Group LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 395 shares of the business services provider’s stock, valued at approximately $52,000.

Several other large investors also recently modified their holdings of the company. First Manhattan Co. grew its stake in Fiserv by 4.6% during the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 86 shares in the last quarter. Holderness Investments Co. grew its stake in Fiserv by 4.1% during the second quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 90 shares in the last quarter. Apeiron RIA LLC grew its stake in Fiserv by 2.9% during the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 90 shares in the last quarter. Brighton Jones LLC lifted its position in Fiserv by 4.0% during the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 92 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Fiserv by 5.1% during the second quarter. Proficio Capital Partners LLC now owns 1,950 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 94 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FI shares. Morgan Stanley lifted their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Stephens boosted their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a report on Thursday, January 11th. Truist Financial boosted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets boosted their price objective on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.2 %

FI stock traded down $1.79 during trading on Wednesday, hitting $146.40. 3,294,098 shares of the stock traded hands, compared to its average volume of 2,185,764. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The firm’s 50 day moving average is $151.56 and its two-hundred day moving average is $135.95. The stock has a market cap of $86.19 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.62 EPS for the current year.

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.