Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Invests $422.88 Million in Fiserv, Inc. (NYSE:FI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,980,782 shares of the business services provider’s stock, valued at approximately $422,884,000. Fiserv makes up about 4.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 5th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.50% of Fiserv at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hollencrest Capital Management boosted its position in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. West Oak Capital LLC bought a new position in Fiserv in the 4th quarter valued at $27,000. Halpern Financial Inc. bought a new position in Fiserv in the 4th quarter valued at $27,000. Fortitude Family Office LLC bought a new position in Fiserv in the 4th quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in Fiserv in the 4th quarter valued at $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.1 %

Shares of FI traded up $0.18 during midday trading on Monday, hitting $148.80. The stock had a trading volume of 2,743,240 shares, compared to its average volume of 2,516,318. The company has a 50 day simple moving average of $151.90 and a two-hundred day simple moving average of $136.94. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market cap of $87.61 billion, a price-to-earnings ratio of 29.76, 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 released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter last year, the business posted $1.91 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on FI. Royal Bank of Canada increased their price objective on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Truist Financial raised their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Robert W. Baird raised their price target on Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a research report on Thursday, January 11th. Finally, BMO Capital Markets raised their price target on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research 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, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $157.79.

Fiserv Profile

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.