Natixis Advisors L.P. Invests $55.28 Million in Fiserv, Inc. (NYSE:FI)

Natixis Advisors L.P. acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The firm acquired 416,145 shares of the business services provider’s stock, valued at approximately $55,279,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hollencrest Capital Management boosted its position in 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 acquiring an additional 100 shares during the last quarter. West Oak Capital LLC bought a new stake in Fiserv during the fourth quarter valued at $27,000. Halpern Financial Inc. bought a new stake in Fiserv during the fourth quarter valued at $27,000. Fortitude Family Office LLC bought a new position in shares of Fiserv during the 4th quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in shares of Fiserv during the 4th quarter worth about $31,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group increased their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Truist Financial increased their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. StockNews.com started coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. Finally, Robert W. Baird increased their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Trading Up 0.0 %

NYSE:FI traded up $0.05 during trading hours on Friday, reaching $149.22. The company’s stock had a trading volume of 2,908,470 shares, compared to its average volume of 2,572,780. The firm has a 50-day simple moving average of $152.77 and a 200-day simple moving average of $138.79. 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 quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $87.31 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92.

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

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Fiserv 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.