577 Shares in Fiserv, Inc. (NYSE:FI) Bought by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC bought a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 577 shares of the business services provider’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds have also modified their holdings of FI. Meritage Portfolio Management bought a new stake in shares of Fiserv during the 4th quarter worth about $995,000. Piscataqua Savings Bank acquired a new position in Fiserv in the fourth quarter worth about $67,000. GHP Investment Advisors Inc. acquired a new position in Fiserv in the fourth quarter worth about $78,000. Liberty Capital Management Inc. bought a new stake in Fiserv during the fourth quarter worth about $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in Fiserv during the fourth quarter worth about $84,583,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of research reports. UBS Group raised their price target on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen raised their price target on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Truist Financial lifted their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Barclays lifted their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Robert W. Baird lifted their target price on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Stock Performance

Shares of Fiserv stock traded down $0.71 during trading on Thursday, hitting $154.30. 774,203 shares of the stock were exchanged, compared to its average volume of 2,510,561. The company has a fifty day moving average price of $153.30 and a 200-day moving average price of $141.49. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The stock has a market capitalization of $90.28 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

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, 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 firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that Fiserv, Inc. will post 8.7 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Company 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.