River Road Asset Management LLC Takes $42.25 Million Position in Fiserv, Inc. (NYSE:FI)

River Road Asset Management LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel reports. The fund bought 318,023 shares of the business services provider’s stock, valued at approximately $42,246,000.

Other large investors have also recently bought and sold shares of the company. Hollencrest Capital Management raised its holdings in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. West Oak Capital LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $27,000. Atlas Capital Advisors LLC raised its holdings in Fiserv by 71.9% during the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after purchasing an additional 128 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. bought a new stake in Fiserv during the second quarter worth approximately $27,000. 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed 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 equities research analysts recently commented on FI shares. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Thursday, January 11th. Evercore ISI reissued an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. BMO Capital Markets boosted their target price on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Truist Financial boosted their target price on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, B. Riley lifted their price target on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Price Performance

NYSE FI traded up $0.70 on Wednesday, reaching $147.10. The company’s stock had a trading volume of 2,937,020 shares, compared to its average volume of 2,507,063. The firm has a market cap of $86.61 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The business has a 50-day moving average price of $151.56 and a 200 day moving average price of $135.95. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts expect that Fiserv, Inc. will post 8.62 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.