Wealthspire Advisors LLC Takes $1.63 Million Position in Fiserv, Inc. (NYSE:FI)

Wealthspire Advisors LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel reports. The firm acquired 12,273 shares of the business services provider’s stock, valued at approximately $1,630,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management increased its position in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. West Oak Capital LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in shares of Fiserv in the fourth quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in Fiserv during the fourth quarter worth $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com began coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating for the company. Robert W. Baird boosted their price target on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. UBS Group upped their price objective on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Truist Financial lifted their target price on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Finally, Evercore ISI restated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Price Performance

Shares of NYSE FI traded up $1.38 during mid-day trading on Thursday, reaching $154.67. The company had a trading volume of 2,350,170 shares, compared to its average volume of 2,555,392. The firm has a market cap of $90.50 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.20 and a beta of 0.92. The business’s 50-day simple moving average is $152.89 and its 200 day simple moving average is $140.06. Fiserv, Inc. has a one year low of $109.11 and a one year 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 released its 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. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last three months. 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.