Twin Capital Management Inc. Takes $2.49 Million Position in Fiserv, Inc. (NYSE:FI)

Twin Capital Management Inc. acquired a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 18,763 shares of the business services provider’s stock, valued at approximately $2,492,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management lifted its holdings in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. bought a new stake in Fiserv in the 4th quarter valued at $27,000. Atlas Capital Advisors LLC raised its stake in Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. bought a new stake in Fiserv in the 2nd quarter valued at $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.1 %

Shares of FI stock opened at $146.91 on Friday. The company has a market cap of $86.49 billion, a P/E ratio of 29.38, a PEG ratio of 1.20 and a beta of 0.91. The stock has a 50 day simple moving average of $151.72 and a two-hundred day simple moving average of $136.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.91 earnings per share. Research analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stephens increased their price objective on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. StockNews.com started coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. Truist Financial raised their price objective on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and issued a $156.00 price objective on shares of Fiserv in a research note on Wednesday, March 27th. Finally, B. Riley lifted their price target on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.21.

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.