First Horizon Advisors Inc. Makes New $2.41 Million Investment in Fiserv, Inc. (NYSE:FI)

First Horizon Advisors Inc. bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,170 shares of the business services provider’s stock, valued at approximately $2,414,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Swiss National Bank purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $253,231,000. West Family Investments Inc. bought a new stake in shares of Fiserv during the 4th quarter worth $263,000. Fisher Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $300,000. Robertson Stephens Wealth Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $3,899,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in Fiserv during the fourth quarter valued at about $13,716,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.0 %

Shares of FI opened at $149.22 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a market capitalization of $87.31 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92. The firm’s 50 day simple moving average is $152.77 and its 200 day simple moving average is $138.79.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. Jefferies Financial Group increased their price objective on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. BMO Capital Markets boosted their target price on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. KeyCorp increased their price target on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Evercore ISI reissued an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.