US Asset Management LLC Purchases New Stake in Fiserv, Inc. (NYSE:FI)

US Asset Management LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,413 shares of the business services provider’s stock, valued at approximately $586,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hollencrest Capital Management increased its position in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new position in Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. bought a new position in Fiserv during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Fiserv during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.1 %

NYSE:FI traded down $0.16 during trading hours on Friday, hitting $154.51. 1,050,983 shares of the company traded hands, compared to its average volume of 2,537,717. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $90.40 billion, a PE ratio of 28.93, a PEG ratio of 1.20 and a beta of 0.92. The firm’s 50-day simple moving average is $153.00 and its 200-day simple moving average is $140.16. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99.

Fiserv (NYSE:FI) last announced its 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 firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.58 EPS. Equities analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last quarter. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on FI shares. Mizuho restated a “buy” rating and set a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. Robert W. Baird boosted their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Barclays increased their price target on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Truist Financial upped their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, KeyCorp lifted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

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.