14,831 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,831 shares of the business services provider’s stock, valued at approximately $1,970,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after purchasing an additional 92 shares during the period. Jacobi Capital Management LLC increased its position in shares of Fiserv by 0.9% in the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after purchasing an additional 94 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in Fiserv by 2.3% in the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 100 shares in the last quarter. Hollencrest Capital Management grew its stake in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its holdings in shares of Fiserv by 2.5% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock worth $466,000 after buying an additional 101 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 1.1 %

Fiserv stock traded down $1.69 on Tuesday, hitting $152.63. 571,910 shares of the stock traded hands, compared to its average volume of 2,533,798. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $152.67 and its 200 day simple moving average is $138.36. The firm has a market cap of $89.30 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on 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 $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FI shares. Truist Financial raised their price target on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Stephens reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. BMO Capital Markets lifted their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, Mizuho reiterated a “buy” rating and issued a $156.00 target price on shares of Fiserv in a research report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

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.