Summit Trail Advisors LLC Buys Shares of 9,816 Fiserv, Inc. (NYSE:FI)

Summit Trail Advisors LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,816 shares of the business services provider’s stock, valued at approximately $1,304,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the period. Northern Trust Corp increased its position in shares of Fiserv by 2.7% in the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock valued at $724,848,000 after buying an additional 168,286 shares in the last quarter. Invesco Ltd. raised its stake in Fiserv by 5.2% during the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock worth $588,252,000 after buying an additional 258,036 shares during the period. California Public Employees Retirement System lifted its holdings in Fiserv by 1.8% during the third quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock worth $377,357,000 after acquiring an additional 60,176 shares in the last quarter. Finally, Pittenger & Anderson Inc. acquired a new position in Fiserv in the fourth quarter valued at about $400,079,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of several recent analyst reports. TD Cowen lifted their price objective on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group upped their target price on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Truist Financial upped their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Finally, Evercore ISI reissued an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Price Performance

FI traded up $1.37 on Monday, hitting $150.59. 2,132,449 shares of the stock were exchanged, compared to its average volume of 2,567,719. The business has a 50-day moving average of $152.74 and a two-hundred day moving average of $139.39. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $88.11 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 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 company’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 earnings per share. Sell-side analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now 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 through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last quarter. Company insiders own 0.75% of the company’s stock.

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.