3,125 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Clearstead Trust LLC

Clearstead Trust LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,125 shares of the business services provider’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. River Global Investors LLP acquired a new position in Fiserv during the fourth quarter worth $8,323,000. Connecticut Wealth Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $326,000. National Bank of Canada FI acquired a new position in shares of Fiserv during the 4th quarter worth about $5,141,000. Pointe Capital Management LLC purchased a new position in Fiserv in the 4th quarter valued at about $413,000. Finally, Forte Capital LLC ADV acquired a new stake in Fiserv in the 4th quarter worth about $405,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FI shares. TD Cowen raised their target price on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Susquehanna lifted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Jefferies Financial Group increased their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Evercore ISI restated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada increased their price objective on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last three months. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.0 %

Shares of NYSE:FI traded up $0.05 during mid-day trading on Friday, reaching $149.22. 2,942,846 shares of the company were exchanged, compared to its average volume of 2,577,646. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year 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’s 50-day simple moving average is $152.74 and its 200 day simple moving average is $139.04. The firm has a market cap of $87.31 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92.

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

Fiserv Company 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.