GDS Wealth Management Takes Position in Fiserv, Inc. (NYSE:FI)

GDS Wealth Management acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 48,509 shares of the business services provider’s stock, valued at approximately $6,444,000.

A number of other large investors have also recently bought and sold shares of FI. Wealthspire Advisors LLC bought a new position in Fiserv during the 4th quarter worth $1,630,000. Catalyst Financial Partners LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $352,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $345,000. Salomon & Ludwin LLC acquired a new position in shares of Fiserv in the 4th quarter worth $46,000. Finally, National Pension Service purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $134,627,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FI. BMO Capital Markets upped their price objective on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Susquehanna lifted their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. TD Cowen upped their target price on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Truist Financial lifted their price target on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Up 0.9 %

FI traded up $1.38 during mid-day trading on Thursday, reaching $154.67. The stock had a trading volume of 2,350,170 shares, compared to its average volume of 2,555,392. The firm’s fifty day simple moving average is $152.89 and its two-hundred day simple moving average is $140.06. The stock has a market capitalization of $90.50 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 earnings per share. On average, equities analysts predict 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.